Global Cellulose Fibers is a leading producer of high-quality absorbent fluff pulp used for a wide range of personal care applications.
Aug. 21, 2025 - American Industrial Partners ("AIP"), a focused industrials investor, today announced its affiliate has signed a definitive agreement to acquire the Global Cellulose Fibers division ("GCF") of International Paper.
GCF is a leading producer of high-quality absorbent fluff pulp used for a wide range of personal care applications including feminine care, incontinence, infant diapers, and other products that promote health and wellness. GCF also softwood pulp and modified fibers. The business has manufacturing facilities across the U.S., Canada, and Poland.
GCF has about 3,300 employees and in 2024 generated approximately $2.5 billion in annual revenue.
"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."
Rick Hoffman, Partner at AIP, stated, "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. 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 in Q4 2025.
American Industrial Partners is a global industrials investor, with approximately $17 billion in assets under management.
SOURCE: American Industrial Partners