International Paper reviewing options for global cellulose fibers business

International Paper (IP) announced the decision to review strategic options for its global cellulose fibers, or GCF, business. The decision to explore alternatives for the GCF business is consistent with the company’s strategy to focus on sustainable packaging solutions. IP’s GCF business creates absorbent pulp for a range of applications like feminine care, incontinence and other personal care products that promote health and wellness. The GCF business generated $2.9B in revenue in 2023 and has operations in three countries, with eight mills and two converting facilities. International Paper has retained Morgan Stanley as financial advisor to help review strategic options for the GCF business. The review of strategic options is at an early stage, and there can be no assurance that this review will result in any kind of transaction or other outcome.