Portfolio changes position the company to better serve customers and support long-term growth

MEMPHIS, Tenn. -- International Paper , a?leader in sustainable packaging,?today announced?strategic?actions?that aim to optimize its network, focus investments on the?highest-value opportunities and?better serve customers across North America.?As a result, the?company plans to?cease its preprint operations at its?Richwood, KY?facility, and close its Aurora, IL?sheet?plant?and converting plants?in Elk Grove, CA and Barrington, NJ?by the end of?the third quarter?2026.

The decision reflects?International Paper's ongoing strategy to strengthen its cost position, increase?capacity, and?provide?customers?with?the highest quality sustainable packaging solutions.

"These are difficult but necessary decisions that?strengthen?our?network, focus investments where they create the greatest value and position International Paper to better?serve customers and?compete for the long term.?We are?grateful to the employees affected and are committed to supporting them through this transition?and ensuring a seamless experience for our customers," said Tom Hamic,?Executive Vice President and President, Packaging Solutions North America,?International Paper.?

International Paper will support impacted employees with outplacement assistance, severance and benefits. The company expects to transition affected customers to other facilities within each region to ensure continuity of supply.