IP to sell Global Cellulose Fibers for $1.5B; expects $700-900M impairment; closes three Georgia plants

INTERNATIONAL PAPER CO /NEW/

Sale of GCF to American Industrial Partners for $1.5B (including $190M preferred) expected to close by end-2025.
Non-cash impairment charge of $700M-$900M to be recorded in Q3 2025; GCF classified as held for sale.
$250M investment to convert Riverdale mill #16 machine to containerboard by Q3 2026.
Permanent closure of Savannah mill, Savannah box plant, and Riceboro mill by end of September 2025.
Net reduction of containerboard capacity by ~1M tons; approximately 1,100 positions impacted.

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