---
schema_version: "secwatch.filing_event.v1"
accession: "0000051434-25-000059"
form_type: "8-K"
ticker: "IP"
cik: "0000051434"
company_name: "INTERNATIONAL PAPER CO /NEW/"
filed_at: "2025-08-21T23:59:59+00:00"
generated_at: "2026-05-17T10:59:17.325702+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000051434-25-000059
- form_type: 8-K
- ticker: IP
- cik: 0000051434
- company_name: INTERNATIONAL PAPER CO /NEW/
- filed_at: 2025-08-21T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.05, 2.06, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/51434/000005143425000059/0000051434-25-000059-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/51434/000005143425000059/ip-20250820.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000051434-25-000059
- JSON: https://secwatch.observer/filing/0000051434-25-000059.json
- Plain text: https://secwatch.observer/filing/0000051434-25-000059.txt

## Key facts
- Restructurings & Charges
  INTERNATIONAL PAPER CO /NEW/ announced a impairment with charges of between approximately $700 million and $900 million affecting Global Cellulose Fibers (GCF) business.
  - Type: impairment
  - Charge: between approximately $700 million and $900 million
  - Affected area: Global Cellulose Fibers (GCF) business
  source text: In connection with the Transaction, on August 20, 2025, the Company determined that it expects to incur a non-cash impairment charge between approximately $700 million and $900 million, as a result of the sale price compared to the estimate of the current net asset value of the GCF business.
  evidence_url: https://www.sec.gov/Archives/edgar/data/51434/000005143425000059/0000051434-25-000059-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.