Several **major changes** have recently taken place in **International Paper's** management structure. The operations have undergone a significant restructuring with the closure of four US plants, resulting in approximately 674 job cuts. As part of this move, Mutual of America Capital Management LLC also offloaded 1,158 of its International Paper shares. Strategically, the CFO transitioned into a new role at DS Smith, aligning with the latter's acquisition by International Paper. However, these changes have negatively affected the stock, resulting in a dip in prices.
International Paper has successfully completed its acquisition of **DS Smith**, creating a global leader in sustainable packaging solutions. The company is exploring strategic options related to its global cellulose fibers business and has announced the closure of its Georgetown pulp and paper mill. Despite having to agree on some concessions, it successfully secured clearance from the EU for the DS Smith bid. Still, the company is facing immense pressure, with an additional announcement of the closure of the North Louisiana plant, affecting a further 300 jobs.
The company is continually making **strategic investments** into sustainable packaging, further highlighted by the proposed DS Smith merger. It aims to streamline operations while focusing on growth sectors within the industry. Despite the current difficulties, the company managed to maintain a strong dividend payout for its shareholders. However, analysts remain divided on the stock's future potential.
International Paper IP News Analytics from Tue, 09 Jul 2024 07:00:00 GMT to Sat, 08 Mar 2025 09:11:16 GMT - Rating -3 - Innovation -2 - Information 2 - Rumor -5
