STOCK TITAN

Notifications

Limited Time Offer! Get Platinum at the Gold price until January 31, 2026!

Sign up now and unlock all premium features at an incredible discount.

Read more on the Pricing page

International Paper Announces Closures of Compton, California and Louisville, Kentucky Packaging Facilities as Part of Strategic Growth Initiative in North America

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags

International Paper (NYSE: IP) announced on November 14, 2025 that it will close its packaging facilities in Compton, California and Louisville, Kentucky, with both sites set to cease operations by January 2026.

The Compton closure will impact 125 employees and the Louisville closure will impact 93 employees. Customers will be served from other nearby International Paper locations. Affected team members will receive outplacement assistance, mental health support resources, and severance benefits, and the company plans to minimize impacts through attrition, retirements and current vacancies at other IP sites.

International Paper framed the moves as part of a transformational effort to streamline its footprint and focus investments on facilities that support quality, reliability and service delivery.

International Paper (NYSE: IP) ha annunciato 14 novembre 2025 che chiuderà i suoi stabilimenti di imballaggio a Compton, California e Louisville, Kentucky, con entrambi i siti che cesseranno l'attività entro gennaio 2026.

La chiusura di Compton coinvolgerà 125 dipendenti e la chiusura di Louisville coinvolgerà 93 dipendenti. I clienti saranno serviti da altri stabilimenti International Paper nelle vicinanze. Ai dipendenti interessati verrà fornita assistenza all'outplacement, risorse di supporto alla salute mentale e indennità di licenziamento, e l'azienda intende minimizzare gli impatti tramite turn over, pensionamenti e posti vacanti attuali in altri siti IP.

International Paper ha inquadrato le mosse come parte di uno sforzo trasformazionale per snellire la sua impronta e concentrare gli investimenti su impianti che supportino qualità, affidabilità e consegna del servizio.

International Paper (NYSE: IP) anunció el 14 de noviembre de 2025 que cerrará sus instalaciones de embalaje en Compton, California y Louisville, Kentucky, y que ambos sitios cesarán sus operaciones para enero de 2026.

El cierre de Compton afectará a 125 empleados y el cierre de Louisville afectará a 93 empleados. Los clientes serán atendidos desde otras instalaciones cercanas de International Paper. Los empleados afectados recibirán asistencia de recolocación, recursos de apoyo a la salud mental y prestaciones de indemnización, y la empresa planea minimizar el impacto mediante rotación, jubilaciones y vacantes actuales en otros sitios de IP.

International Paper enmarcó estas medidas como parte de un esfuerzo transformacional para simplificar su huella y concentrar las inversiones en instalaciones que apoyen la calidad, la fiabilidad y la entrega del servicio.

International Paper (NYSE: IP)2025년 11월 14일캘리포니아주 컴턴켄터키주 루이빌에 있는 포장 시설을 폐쇄하고 양 사이트가 2026년 1월까지 운영을 중단할 예정이라고 발표했습니다.

컴턴 폐쇄로 125명의 직원이 영향을 받고 루이빌 폐쇄로 93명의 직원이 영향을 받습니다. 고객은 인근의 다른 International Paper 지점에서 서비스를 받게 됩니다. 영향을 받는 팀원들은 전환 지원, 정신 건강 지원 리소스 및 퇴직 수당을 받게 되며, 회사는 다른 IP 지점의 이직, 은퇴 및 현재 공석을 통해 영향을 최소화할 계획입니다.

International Paper는 이를 품질, 신뢰성 및 서비스 제공을 지원하는 시설에 투자를 집중하기 위한 변혁적 노력의 일환으로 설명했습니다.

International Paper (NYSE: IP) a annoncé le 14 novembre 2025 qu'il allait fermer ses installations d'emballage à Compton, Californie et à Louisville, Kentucky, les deux sites devant cesser leurs activités d'ici janvier 2026.

La fermeture de Compton touchera 125 employés et la fermeture de Louisville touchera 93 employés. Les clients seront desservis par d'autres sites d'International Paper à proximité. Les membres de l'équipe concernés recevront une assistance à la réinsertion professionnelle, des ressources de soutien à la santé mentale et des indemnités de départ, et l'entreprise prévoit de minimiser les impacts par le biais de la rotation du personnel, des départs à la retraite et des postes vacants actuels sur d'autres sites IP.

International Paper a présenté ces mesures comme le volet d'un effort transformationnel visant à rationaliser son empreinte et à concentrer les investissements sur des installations qui soutiennent la qualité, la fiabilité et la prestation du service.

International Paper (NYSE: IP) kündigte am 14. November 2025 an, dass es seine Verpackungsanlagen in Compton, Kalifornien und Louisville, Kentucky schließen wird, wobei beide Standorte bis Januar 2026 den Betrieb einstellen sollen.

Die Schließung in Compton betrifft 125 Mitarbeiter und die Schließung in Louisville betrifft 93 Mitarbeiter. Kunden werden von anderen nahegelegenen IP-Standorten bedient. Betroffene Teammitglieder erhalten Outplacements-Unterstützung, Ressourcen zur psychischen Gesundheit und Abfindungsleistungen, und das Unternehmen plant, die Auswirkungen durch Fluktuation, Pensionierungen und aktuelle Vakanzen an anderen IP-Standorten zu minimieren.

International Paper bezeichnete die Maßnahmen als Teil einer transformatorischen Anstrengung, die Belegschaftsgröße zu straffen und Investitionen auf Einrichtungen zu konzentrieren, die Qualität, Zuverlässigkeit und Service liefern.

شركة International Paper (NYSE: IP) أعلنت في 14 نوفمبر 2025 أنها ستغلق منشآت التعبئة والتغليف في كومبتون، كاليفورنيا ولويزفيل، كنتاكي، مع نيه إيقاف تشغيل كلا الموقعين بحلول يناير 2026.

الإغلاق في كومبتون سيؤثر على 125 موظفًا والإغلاق في لويزفيل سيؤثر على 93 موظفًا. سيُخدم العملاء من مواقع International Paper القريبة الأخرى. سيحصل الأعضاء المتأثرون على مساعدة إعادة التوظيف، وموارد دعم الصحة النفسية، ومزايا إنهاء الخدمة، وتخطط الشركة لتقليل التأثير من خلال التسرب الوظيفي والتقاعد ووجود شواغر حالية في مواقع IP الأخرى.

وصفت International Paper هذه التحركات بأنها جزء من جهد تحويلي لتبسيط بصمتها وتركيز الاستثمارات على المرافق التي تدعم الجودة والاعتمادية وتوصيل الخدمة.

Positive
  • Customer coverage maintained via nearby IP locations
  • Employee support package: outplacement, mental health, severance
Negative
  • Compton closure impacts 125 employees
  • Louisville closure impacts 93 employees
  • Both facilities to cease operations by January 2026

MEMPHIS, Tenn., Nov. 14, 2025 /PRNewswire/ -- International Paper (NYSE: IP; LSE: IPC) today announced the closure of its packaging facilities in Compton, California and Louisville, Kentucky. The facilities will cease operations by January 2026. All customers will be serviced from other nearby locations.

The Compton facility closure will impact 125 employees, while the Louisville facility closure will impact 93 employees. The company will work to minimize the impact on employees by using attrition, retirements and current vacancies at other International Paper locations. Team members at these locations will receive outplacement assistance, access to mental health support resources and severance benefits.

"Making the decision to close a facility is incredibly difficult, especially knowing the impact it has on our team members and their families," said Tom Hamic, executive vice president and president, North American Packaging Solutions, International Paper. "We are sincerely grateful for the contributions of our departing team members, and we are fully committed to supporting them through this transition."

International Paper is undergoing a transformational journey to become a stronger sustainable packaging solutions company. A critical step in this journey is to streamline IP's footprint to focus investments on facilities that will best serve customers and accelerate strategic initiatives to improve quality, reliability and service delivery.

About International Paper
International Paper (NYSE: IP; LSE: IPC) is the global leader in sustainable packaging solutions. With company headquarters in Memphis, Tennessee, USA, and EMEA (Europe, Middle East and Africa) headquarters in London, UK, we employ more than 65,000 team members and serve customers around the world with operations in more than 30 countries. Together with our customers, we make the world safer and more productive, one sustainable packaging solution at a time. Net sales for 2024 were $18.6 billion. In 2025, International Paper acquired DS Smith creating an industry leader focused on the attractive and growing North American and EMEA regions. Additional information can be found by visiting internationalpaper.com.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/international-paper-announces-closures-of-compton-california-and-louisville-kentucky-packaging-facilities-as-part-of-strategic-growth-initiative-in-north-america-302615907.html

SOURCE International Paper

FAQ

What did International Paper (IP) announce on November 14, 2025 about Compton and Louisville facilities?

IP announced closures of its Compton, CA and Louisville, KY packaging facilities, with operations ending by January 2026.

How many employees will be affected by the International Paper (IP) closures in Compton and Louisville?

The Compton closure will impact 125 employees and the Louisville closure will impact 93 employees.

Will International Paper (IP) continue to service customers after the Compton and Louisville closures?

Yes. IP said all customers will be serviced from other nearby International Paper locations.

What support will International Paper (IP) provide to workers affected by the Compton and Louisville closures?

Affected team members will receive outplacement assistance, mental health support resources, and severance benefits.

Why is International Paper (IP) closing the Compton and Louisville packaging facilities?

IP said the closures are part of a transformational effort to streamline its footprint and focus investments on facilities that improve quality, reliability and service.
International Paper Co

NYSE:IP

IP Rankings

IP Latest News

IP Latest SEC Filings

IP Stock Data

20.16B
523.01M
0.34%
100.09%
9.39%
Packaging & Containers
Paper Mills
Link
United States
MEMPHIS