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As part of the sale agreement, AIP acquired the GCF business for $1.5 billion.
January 26, 2026
By: David Savastano
Editor
International Paper has completed the sale of its Global Cellulose Fibers (GCF) business to funds affiliated with American Industrial Partners (AIP). As part of the sale agreement, AIP acquired the GCF business for $1.5 billion including the issuance to International Paper of preferred stock with an aggregate initial liquidation preference of $190 million. The GCF business creates safe, high-quality pulp for a wide range of applications such as towel and tissue products, diapers, feminine car...
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