JACKSONVILLE, Fla. – In late November, International Paper (IP) announced its plans to divest Arizona Chemical to provide a better long-term future for the pine-chemical business. This decision comes in conjunction with IP’s previously announced $3-billion divestiture program to sell assets.
“We understand this announcement will create uncertainty for Arizona Chemical employees, their families and other stakeholders, and we will do all we can to assist employees with any issues that arise during this divestiture process,” said Larry Stowell, vice president, Arizona Chemical.