Core Viewpoint - American Industrial Partners (AIP) has successfully acquired the Global Cellulose Fibers (GCF) business from International Paper, establishing GCF as an independent company [1][3]. Group 1: Company Overview - GCF is headquartered in Memphis, Tennessee, and is the leading global producer of high-quality absorbent fluff pulp for personal care applications, generating approximately $2.3 billion in revenue in 2024 [2][5]. - The company employs around 3,300 people and operates nine manufacturing facilities across the U.S., Canada, and Poland [2][5]. Group 2: Strategic Insights - AIP views GCF's strong market position, experienced workforce, and established customer relationships as key factors for future growth [3]. - GCF's CEO, Clay Ellis, emphasizes the alignment of AIP's long-term investment approach with GCF's culture and priorities, focusing on customer service and employee support [3]. Group 3: Transaction Details - BofA Securities served as the exclusive financial advisor to AIP and provided financing for the acquisition [3]. - Legal counsel for the transaction included Davis Polk & Wardwell LLP, Ropes & Gray LLP, and Baker Botts LLP [3]. Group 4: AIP Overview - AIP is an operationally-oriented industrials investor, focusing on quality industrial businesses with strong management teams and transformative Operating Agendas [4]. - The AIP portfolio companies generate approximately $29 billion in annual revenues and employ over 72,000 people as of September 30, 2025 [4].