The International Paper fluff plant in Riegelwood has been purchased by American Industrial Partners (AIP), according to a press release from the company.
AIP is a “focused industrials investor,”, according to its website. The firm announced Thursday that its affiliate has signed an agreement to acquire the Global Cellulose Fibers division of International Paper.
GCF is the leading global producer of high-quality absorbent fluff pulp for a wide range of personal care applications including feminine care, incontinence, infant diapers, and other products, the press release said. IP’s
GCF division is also a leading producer of fluff pulp, high quality softwood pulp, and modified fibers. It has plants in the U.S., Canada and Poland, and approximately 3,300 employees. The company generated approximately $2.5 billion in annual revenue in 2024.
“With decades of highly relevant industrial and manufacturing experience, AIP is the right partner to back our growth and success as an independent company,” said Clay Ellis, Senior Vice President, GCF, International Paper. “We look forward to partnering with AIP to continue to deliver high-quality absorbent materials for personal care products to customers globally.”
“GCF is well-positioned for future growth, supported by its large and sustainable wood basket, durable end markets, industry leading quality and innovation, long-term customer relationships, deeply knowledgeable employees, and well-invested facilities,” said Rick Hoffman, a partner at AIP. “We look forward to partnering with Clay and the rest of GCF’s talented and tenured management team to implement their growth vision.”
The transaction is subject to customary closing conditions, including the receipt of required regulatory approvals, and is expected to close later this year 2025.
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