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

Rhea-AI Summary

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.

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

News Market Reaction

-1.43%

1 alert

-1.43% News Effect

On the day this news was published, IP declined 1.43%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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.

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.