International Paper (IP) plans to sell its Fine Papers business headquatered in East Granby, CT.This is done to divest $3 billion in assets following its merger of Champion International. IP's Fine Papers business includes premium text, cover, business correspondence and artist papers. IP also plans to shut an old fine papers mill in Miller Falls, MA. The former Champion Hamilton premium coated freesheet mill, the Hamilton B-Street Complex, is also for sale.