International Paper (NYSE: IP) announced plans to cease operations at four North American facilities by the end of the third quarter of 2026, according to a press release issued June 26, 2026.

The company said it will end preprint operations at its Richwood, KY facility and close its Aurora, IL sheet plant, along with converting plants in Elk Grove, CA and Barrington, NJ.

Tom Hamic, Executive Vice President and President of Packaging Solutions North America, said in a statement: "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."

The company said affected employees will receive outplacement assistance, severance, and benefits. International Paper also said it plans to transition affected customers to other facilities within each region to maintain continuity of supply.