International Paper (IP) has signed a definitive agreement to sell its Global Cellulose Fibers division to American Industrial Partners, a focused industrials investor. GCF is a global producer of absorbent fluff pulp for a wide range of personal care applications including feminine care, incontinence, infant diapers, and other products that promote health and wellness. GCF employs approximately 3,300 associates and in 2024 generated approximately $2.5B in annual revenue. The transaction is expected to close in Q4.
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