---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-003279"
form_type: "8-K"
ticker: "IP"
cik: "0000051434"
company_name: "INTERNATIONAL PAPER CO /NEW/"
filed_at: "2026-01-23T23:59:59+00:00"
generated_at: "2026-05-16T08:36:50.970324+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# International Paper completes sale of Global Cellulose Fibers to AIP for $1.5B

## Summary
- Closed Jan 23, 2026; total purchase price $1.5B including $190M preferred stock in Absorbent Fiber Topco.
- GCF business generated ~$2.3B in 2024 revenue (excluding closed mills); $2.8B including closed mills.
- GCF has 3,300 employees, nine manufacturing facilities, and eight regional offices.

## SEC filing metadata
- accession: 0001628280-26-003279
- form_type: 8-K
- ticker: IP
- cik: 0000051434
- company_name: INTERNATIONAL PAPER CO /NEW/
- filed_at: 2026-01-23T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/51434/000162828026003279/0001628280-26-003279-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/51434/000162828026003279/ip-20260123.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-003279
- JSON: https://secwatch.observer/filing/0001628280-26-003279.json
- Plain text: https://secwatch.observer/filing/0001628280-26-003279.txt

## Source-grounded claims
- claim_id: 40cbd9338fc059b4820991772021a8813656fc4d
  claim: INTERNATIONAL PAPER CO /NEW/ completed a disposition involving funds affiliated with American Industrial Partners for $1.5 billion (closed 2026-01-23).
  evidence_excerpt: amended, among the Company and certain parties thereto (the “Sale Agreement”). Pursuant to the Sale Agreement, Buyer acquired the Company’s GCF business for a purchase price of $1.5 billion, which includes the issuance to the Company of preferred stock of Absorbent Fiber Topco, Inc. (“Parent”) with an aggregate initial liquidation preference of $190 million. The
  evidence_url: https://www.sec.gov/Archives/edgar/data/51434/000162828026003279/0001628280-26-003279-index.htm

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