International Paper completes $1.5 billion sale of cellulose fibers business to AIP
International Paper completed the sale of its Global Cellulose Fibers business to funds affiliated with American Industrial Partners on January 23, 2026, for $1.5 billion, which includes preferred stock of the buyer's parent with an aggregate initial liquidation preference of $190 million. The filing says the sale covers the company's entire GCF business and was made under a securities purchase agreement dated August 20, 2025.
Key points
- Purchase price of $1.5 billion, including preferred stock with an aggregate initial liquidation preference of $190 million
- Sale agreement dated August 20, 2025, as amended; closing completed January 23, 2026
- The business sold generated approximately $2.3 billion in revenue in 2024, excluding closed mills
- GCF has 3,300 employees globally and nine manufacturing facilities
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:42 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 23, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.