11:13 AM EDT, 10/31/2024 (MT Newswires) -- Sylvamo ( SLVM ) said Thursday that the company and International Paper ( IP ) are mutually terminating a supply deal on Dec. 31 for uncoated freesheet, bristols and specialty papers at a mill in Georgetown, South Carolina.

Sylvamo ( SLVM ) said it is moving many paper grades from Georgetown to its mills in Ticonderoga, New York, and Eastover, South Carolina, and International Paper ( IP ) will stop operations at the Georgetown mill.

"We have been preparing for this possibility since our 2021 spinoff from International Paper ( IP )," said Sylvamo ( SLVM ) Chief Executive Jean-Michel Ribieras. "We will support our customers through this transition and will retain the most profitable products from Georgetown, reducing economic downtime in our mill system and improving our mix."

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