IP closing two mills, selling cellulose fibers business for $1.5B
In a lengthy interview in January, new chairman and CEO Andy Silvernail told The Daily Memphian that the Memphis-based company, under his leadership, was transforming to become a stronger, sustainable packaging company, eliminating facilities that did not serve its core customers’ changing and growing needs. (Patrick Lantrip/The Daily Memphian)
Memphis-based International Paper is laying off 1,100 workers and selling its cellulose fibers business.
Topics
International Paper Co.Sophia Surrett
Sophia Surrett is a University of Alabama graduate, where she received her B.A. in news media and M.A. in journalism and media studies. She covers small business, nonprofits, restaurant real estate, hospitality and tourism, manufacturing, and transportation and logistics.
Want to comment on our stories or respond to others? Join the conversation by subscribing now. Only paid subscribers can add their thoughts or upvote/downvote comments. Our commenting policy can be viewed here.