INTERNATIONAL PAPER CO /NEW/ (IP): restructuring charge — International Paper closes four facilities, expects $357M pre-tax charge

INTERNATIONAL PAPER CO /NEW/

Permanent closure of Red River containerboard mill (Campti, LA), recycling plant (Phoenix), box plant (Hazleton, PA), and sheet feeder (St. Louis, MO) by end of April 2025.
Estimated pre-tax charges of $357M: $311M noncash asset write-off (incl. $276M accelerated depreciation) and $46M cash severance, recorded in Q1 2025.
Containerboard capacity reduced by ~800,000 tons annualized; 674 employees affected (495 hourly, 179 salaried).
Company will use attrition, retirements, and vacancies to minimize impact; departing employees receive outplacement and severance.
Actions part of strategic footprint streamlining in North American Packaging Solutions.

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

INTERNATIONAL PAPER CO /NEW/ announced a restructuring with charges of aggregate pre-tax charges of approximately $357 million affecting North American Packaging Solutions; containerboard mill in Campti, Louisiana (approximately 481 employees).

Type: restructuring
Charge: aggregate pre-tax charges of approximately $357 million
Affected area: North American Packaging Solutions; containerboard mill in Campti, Louisiana
Headcount: approximately 481 employees

Exact text from the filing

On February 11, 2025, International Paper Company (the “Company”) committed to certain actions impacting its North American Packaging Solutions business, which the Company estimates will result in aggregate pre-tax charges of approximately $357 million as further described below.

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Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

INTERNATIONAL PAPER CO /NEW/ announced a restructuring with charges of pre-tax noncash asset write-off of approximately $311 million (of which $276 million is accelerated depreciation), and pre-tax cash severance and other shutdown affecting North American Packaging Solutions; containerboard mill in Campti, Louisiana.

Type: restructuring
Charge: pre-tax noncash asset write-off of approximately $311 million (of which $276 million is accelerated depreciation), and pre-tax cash severance and other shutdown
Affected area: North American Packaging Solutions; containerboard mill in Campti, Louisiana

Exact text from the filing

The Company estimates that the closure will result in aggregate pre-tax charges of approximately $357 million, comprised of pre-tax noncash asset write-off of approximately $311 million (of which $276 million is accelerated depreciation), and pre-tax cash severance and other shutdown charges of approximately $46 million.

View on SEC.gov

3 restructurings & charges filed in the last 30 days. Browse all restructurings & charges →

INTERNATIONAL PAPER CO /NEW/ filing history →

Source: SEC EDGAR

accession 0001193125-25-026087

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