International Paper To Exit Molded Fiber Business And Convert Reno, Nev. Facility To Support Its Packaging Business

Company to Exit Molded Fiber Business; Additional Facility Changes Planned

MEMPHIS, Tenn., June 26, 2025 /PRNewswire/ -- International Paper (NYSE:IP, LSE: IPC))), a global leader in sustainable packaging, today announced a series of strategic changes to strengthen its North American operations and better serve customers.

As part of this initiative, the company will:

• Exit the molded fiber business and convert the Reno, Nev. facility to support its packaging business
• Close its packaging facility in Marion, Ohio
• Close its recycling facility in Wichita, Kan.
• Sell its containerboard mill in Xalapa, Mexico and its recycling plants in Xalapa and Apodaca, Mexico to Acabados de Papeles Santinados y Absorbentes (APSA).

In the U.S., these changes will impact approximately 110 hourly and 24 salaried employees. In Mexico, APSA intends to retain current onsite team members at each location. International Paper is committed to minimizing the impact through job placement in existing vacancies, retirements and other internal opportunities. Affected employees will also receive severance and outplacement support where possible.