AMERICAN INDUSTRIAL PARTNERS COMPLETES ACQUISITION OF INTERNATIONAL PAPER'S GLOBAL CELLULOSE FIBERS BUSINESS
American Industrial Partners completed the acquisition of Global Cellulose Fibers from International Paper (NYSE: IP) on January 23, 2026, and GCF now operates as an independent company.
Rhea-AI Summary
American Industrial Partners completed the acquisition of Global Cellulose Fibers from International Paper (NYSE: IP) on January 23, 2026, and GCF now operates as an independent company.
Headquartered in Memphis, Tennessee, GCF is a leading producer of absorbent fluff pulp for personal care products, reported approximately $2.3 billion revenue in 2024, employs 3,300 people and operates nine manufacturing facilities across the U.S., Canada, and Poland. BofA Securities provided exclusive financial advisory services and committed financing. Transaction counsel and financing/regulatory advisors are listed.
Positive
- GCF generated $2.3 billion revenue in 2024
- GCF employs 3,300 people globally
- GCF operates nine manufacturing facilities across U.S., Canada, and Poland
- BofA Securities provided committed financing and served as exclusive advisor
Negative
- None.
Details
News Market Reaction – IP
In the Jan 26 session, IP declined 0.09%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
- GCF 2024 revenue
- $2.3 billion
- Revenue generated by Global Cellulose Fibers in 2024
- GCF employees
- 3,300 employees
- Global workforce of Global Cellulose Fibers
- Manufacturing facilities
- 9 facilities
- GCF plants across the U.S., Canada, and Poland
Previous Acquisition Reports
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Sale of bag converting operations in several U.S. states to ProAmpac.
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Announced sale of Global Cellulose Fibers division to American Industrial Partners.
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Completed divestiture of five European corrugated box plants to PALM Group.
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Entered exclusive negotiations to sell five European box plants to meet EC commitments.
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Completed acquisition of DS Smith, targeting sizeable synergies and EPS accretion.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Headquartered in
"We are pleased to officially welcome GCF to AIP and establish the company as a newly independent business," said Rick Hoffman, Partner at AIP. "GCF's leading position in the global fluff pulp market, experienced workforce, well-invested facilities, and strong customer relationships make it well-positioned for future growth. It has been a privilege to work alongside Clay Ellis and the rest of GCF's talented and tenured management team during the carve-out from International Paper. We look forward to further implementing our combined Operating Agenda, rooted in our commitment to safety, quality, operational excellence, reliability, and long-term value creation."
"Becoming an independent company marks an exciting new chapter for GCF, and we are proud to partner with AIP in this next phase," said Clay Ellis, Chief Executive Officer of Global Cellulose Fibers. "AIP's long-term investment approach and deep operational expertise align well with our culture and priorities, and we remain focused on serving our customers, supporting our employees, and building on the strong foundation already in place."
BofA Securities acted as exclusive financial advisor to AIP and provided committed financing for the transaction. Davis Polk & Wardwell LLP acted as transaction counsel, Ropes & Gray LLP acted as financing counsel, and Baker Botts LLP acted as regulatory counsel to AIP.
About AIP
American Industrial Partners is an operationally-oriented industrials investor. AIP seeks to achieve differentiated returns by investing in quality industrial businesses with strong management teams and working with those teams to implement transformative Operating Agendas to build long-term value. The AIP team has deep roots in the industrial economy and has actively invested across three economic cycles. AIP has completed over 145 platform and add-on acquisitions and invests in all forms of corporate divestitures, management buyouts, recapitalizations, and going-private transactions of established businesses with sales greater than
About Global Cellulose Fibers
Global Cellulose Fibers ("GCF") operates seven pulp mills and two converting facilities that produce fluff pulp, papergrade pulp, and specialty pulp products used in a wide range of consumer applications, including diapers and other hygiene products, as well as tissue, towel, and specialty paper applications. GCF generated annual revenue of approximately
Contacts:
For American Industrial Partners:
Media Inquiries: American Industrial Partners – pro-AIP@prosek.com
For Global Cellulose Fibers:
Media Inquiries: Global Cellulose Fibers – newsroom@gcfibers.com
View original content:https://www.prnewswire.com/news-releases/american-industrial-partners-completes-acquisition-of-international-papers-global-cellulose-fibers-business-302669253.html
SOURCE American Industrial Partners
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