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.
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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 has been with The Daily Memphian since July 2023, first starting as a business reporter covering various beats. Now, she covers food, restaurants, and hospitality and tourism.
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