Weekly Recap: International Paper to Sell GFC Business, SNC Kherib to Add Spunlace Line & More

Here’s your weekly recap—the most-viewed news stories on our site for the week ended August 23, 2025.

International Paper has reached a definitive agreement with American Industrial Partners (AIP) to sell its Global Cellulose Fibers (GCF) business for $1.5 billion, subject to closing adjustments, including the issuance of preferred stock with an aggregate initial liquidation preference of $190 million. The company previously announced the decision to review strategic alternatives for its GCF business last fall, as part of the company’s strategy to focus on sustainable packaging solutions. The transaction is expected to close by the end of the year, subject to regulatory approvals.

Meanwhile, SNC Kherib et Cie., a maker of viscose and cotton cleaning clothes and polyester wadding for mattress and pillows, is adding a complete Andritz spunlace line at its plant located in Bejaia City, Algeria. The start-up is scheduled for the end of quarter of 2026.

Here are our top 3 most-viewed stories from the past week:

1. International Paper to Sell its Global Cellulose Fibers Business

2. SNC Kherib to Add Spunlace Line in Africa

3. Tesco Issues Recall of Facial Wipes