International Paper (NYSE:IP) has announced plans to close four facilities across North America by the end of the third quarter of 2026 as part of efforts to optimise its manufacturing network and improve long-term competitiveness.
According to a press release issued on 26 June 2026, the company will discontinue preprint operations at its Richwood, Kentucky facility, close its sheet plant in Aurora, Illinois, and cease operations at its converting plants in Elk Grove, California, and Barrington, New Jersey.
Tom Hamic, Executive Vice President and President of Packaging Solutions North America, said: “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.”
International Paper said employees impacted by the closures will receive severance packages, continued benefits and outplacement support to assist with their transition. The company also plans to move customer production to other facilities within its regional network to minimise disruption and maintain continuity of supply.