International Paper to Close Compton and Louisville Facilities as Part of North American Strategic Growth Plan
International Paper, a leader in sustainable packaging solutions, has made the tough decision to close its packaging facilities located in Compton, California, and Louisville, Kentucky. This strategic move is part of a larger initiative aim at enhancing the company's growth and sustainability efforts in North America. The closures are set to take effect by January 2026, with the impact expected to affect 125 employees in Compton and 93 in Louisville.
The decision comes as part of International Paper's commitment to streamlining its operations, focusing on facilities that will best serve customer needs while aligning with their long-term strategic goals. The company is committed to ensuring a smooth transition for affected employees by providing support services, including outplacement assistance and access to mental health resources. Attrition, retirements, and current vacancies at other locations will be utilized to minimize job losses as much as possible.
Tom Hamic, executive vice president and president of North American Packaging Solutions at International Paper, expressed the company’s empathy for those affected, stating, "Making the decision to close a facility is incredibly difficult, especially knowing the impact it has on our team members and their families. We are sincerely grateful for the contributions of our departing team members, and we are fully committed to supporting them through this transition."
This initiative comes at a time when International Paper is seeking to streamline its operations in line with its transformational journey to become a stronger player in the sustainable packaging arena. The closures are expected to allow the company to redirect its investments into facilities equipped to enhance service delivery and improve product quality.
International Paper is headquartered in Memphis, Tennessee, and operates globally, employing over 65,000 team members in more than 30 countries. Recently, the company acquired DS Smith, further solidifying its leadership in the packaging industry across North America and Europe.
The company reported net sales of $18.6 billion for the fiscal year 2024, showcasing a solid foundation that will be bolstered by these strategic adjustments. CEO Mark Sutton emphasized the importance of evolving the company's operations to better meet the demands of its customer base, indicating a robust plan for future growth.
With these closures, customers of the Compton and Louisville facilities will be supported from alternative nearby locations, ensuring business continuity and maintaining service standards. International Paper aims to rebound and fortify its state in the competitive packaging market as it navigates these changes.
For more information and updates about International Paper, please visit their official website at internationalpaper.com.
The decision comes as part of International Paper's commitment to streamlining its operations, focusing on facilities that will best serve customer needs while aligning with their long-term strategic goals. The company is committed to ensuring a smooth transition for affected employees by providing support services, including outplacement assistance and access to mental health resources. Attrition, retirements, and current vacancies at other locations will be utilized to minimize job losses as much as possible.
Tom Hamic, executive vice president and president of North American Packaging Solutions at International Paper, expressed the company’s empathy for those affected, stating, "Making the decision to close a facility is incredibly difficult, especially knowing the impact it has on our team members and their families. We are sincerely grateful for the contributions of our departing team members, and we are fully committed to supporting them through this transition."
This initiative comes at a time when International Paper is seeking to streamline its operations in line with its transformational journey to become a stronger player in the sustainable packaging arena. The closures are expected to allow the company to redirect its investments into facilities equipped to enhance service delivery and improve product quality.
International Paper is headquartered in Memphis, Tennessee, and operates globally, employing over 65,000 team members in more than 30 countries. Recently, the company acquired DS Smith, further solidifying its leadership in the packaging industry across North America and Europe.
The company reported net sales of $18.6 billion for the fiscal year 2024, showcasing a solid foundation that will be bolstered by these strategic adjustments. CEO Mark Sutton emphasized the importance of evolving the company's operations to better meet the demands of its customer base, indicating a robust plan for future growth.
With these closures, customers of the Compton and Louisville facilities will be supported from alternative nearby locations, ensuring business continuity and maintaining service standards. International Paper aims to rebound and fortify its state in the competitive packaging market as it navigates these changes.
For more information and updates about International Paper, please visit their official website at internationalpaper.com.
Topics General Business）
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