Finance


  • Russian President Vladimir Putin speaking at a podium with a microphone.
    Image attribution tooltip
    Omer Messinger via Getty Images
    Image attribution tooltip

    Russian government takes over management control at 2 Silgan facilities

    Although operations ceased last year at the two metal packaging facilities, Silgan did not divest the assets. The Russian government says it will now make management decisions on a “temporary” basis.

    By July 16, 2024
  • stacks of brown paper cups in a row in a coffeeshop setting
    Image attribution tooltip
    dmf87 via Getty Images
    Image attribution tooltip

    Pactiv Evergreen to divest facilities in North Carolina, Arkansas in $110M cash deal

    The pending sale to Suzano is the culmination of a lengthy strategic review by Pactiv Evergreen as the company also restructures its beverage and food merchandising businesses and explores footprint optimization.

    By July 15, 2024
  • A Smurfit WestRock banner hangs in front of the New York Stock Exchange
    Image attribution tooltip
    Courtesy of Smurfit WestRock
    Image attribution tooltip
    Deep Dive

    2024 packaging M&A trends: Megadeals are in, destocking hangover is out

    Despite several high-profile megadeals between large packaging companies in recent months, small companies make up more volume than meets the eye, according to analysts. And international transactions are gaining prominence. 

    By July 10, 2024
  • A group of people stand on a balcony to ring the opening bell at the New York Stock Exchange, with the Smurfit WestRock logo in the background.
    Image attribution tooltip
    Retrieved from New York Stock Exchange on July 08, 2024
    Image attribution tooltip
    Smurfit WestRock transaction

    Smurfit Kappa completes acquisition of WestRock

    “Smurfit WestRock is going to conquer the world of sustainable, paper-based packaging,” said CEO Tony Smurfit before ringing the NYSE’s opening bell.

    By Updated July 8, 2024
  • Close-up of brown corrugated packaging
    Image attribution tooltip
    Lisa Beeby via Getty Images
    Image attribution tooltip

    2024’s biggest packaging acquisition news

    The year has seen a flurry of news and rumors about major transactions involving International Paper, DS Smith, Berry Global, Sonoco, WestRock, Smurfit Kappa and more.

    By Packaging Dive Staff • July 5, 2024
  • Four people wearing hardhats use shovels to throw dirt at a groundbreaking ceremony.
    Image attribution tooltip
    Katie Pyzyk/Packaging Dive
    Image attribution tooltip
    Q&A

    Departing WestRock CEO Sewell reflects on his tenure and company’s future

    In an interview, David Sewell discussed fiber pricing trends, infrastructure investment strategies, the importance of innovation and highlights from his time at the helm of WestRock, which comes to an end July 5.

    By July 2, 2024
  • Aerial shot of Suzano production site in Brazil
    Image attribution tooltip
    Courtesy of Suzano
    Image attribution tooltip
    Acquisition of DS Smith

    Suzano ends negotiation for acquisition of International Paper

    Suzano’s previous interest added another layer of complexity to a planned deal between International Paper and DS Smith, which followed Mondi’s attempt to purchase DS Smith.

    By June 27, 2024
  • Empty beer bottles
    Image attribution tooltip
    Daniele Mezzadri via Getty Images
    Image attribution tooltip

    Ardagh Glass closing Houston facility with 220 workers, citing ‘beer market conditions’

    Also in July the company will be indefinitely curtailing production at a Seattle site servicing wine customers, impacting another 244 employees. Ardagh detailed ongoing challenges in both the beer and wine markets.

    By , June 25, 2024
  • A person works on an assembly line to fill metal food packaging cans
    Image attribution tooltip
    Fahroni via Getty Images
    Image attribution tooltip

    Sonoco acquiring Eviosys for $3.9B in move to prioritize metal packaging

    Acquiring the European company from investment firm KPS aligns with Sonoco’s strategy to make metal packaging a core business unit. The acquisition will be accompanied by “significant divestitures.”

    By Updated June 24, 2024
  • Six plastic water bottles bundled with a fiber band.
    Image attribution tooltip
    Permission granted by DS Smith
    Image attribution tooltip

    DS Smith acquisition ‘remains fully on track’ for Q4 closing, CEO says

    The prospectus for International Paper’s acquisition should be released in late summer, said DS Smith CEO Miles Roberts on Thursday’s earnings call. Meanwhile, substrate switches from plastic to fiber are driving up demand.

    By June 20, 2024
  • The new logo for SEE, the rebrand of Sealed Air.
    Image attribution tooltip
    Courtesy of SEE
    Image attribution tooltip

    SEE appoints WestRock executive as CEO

    Patrick Kivits, who has been with WestRock for five years, was slated to keep his position upon that company’s combination with Smurfit Kappa in July. Instead, he’ll start the month leading SEE.

    By June 14, 2024
  • Aerial view of WestRock's headquarters in Atlanta, Georgia
    Image attribution tooltip
    Permission granted by WestRock
    Image attribution tooltip
    Smurfit WestRock transaction

    WestRock, Smurfit Kappa shareholders vote to approve combination

    Recently released documents reveal when executives expect the deal to close and just how long the transaction has been in the works.

    By June 13, 2024
  • A worker operates a forklift in an industrial warehouse, surrounded by large rolls of a fiber product.
    Image attribution tooltip
    Retrieved from Greif on June 11, 2024
    Image attribution tooltip

    North America’s 2 largest URB producers to raise prices

    Greif and Sonoco’s recent announcements about increases for uncoated recycled board are the latest in a string of fiber price hikes this year. They may not be the last.

    By June 12, 2024
  • A person speaks at a conference from behind a white podium.
    Image attribution tooltip
    Katie Pyzyk/Packaging Dive
    Image attribution tooltip

    Alison Keane to leave Flexible Packaging Association this summer

    After more than seven years of pushing for industry improvements such as better plastic film recycling infrastructure, the president and CEO will join a recycling organization.

    By June 10, 2024
  • A large roll of kraft paper in a factory setting
    Image attribution tooltip
    Foto-Video-Studio via Getty Images
    Image attribution tooltip

    Greif opens Dallas bulk corrugated facility, hikes URB prices again

    The Ohio-based manufacturer said during a call Thursday detailing paper business trends that demand for its recycled paper products is on the rise. But it reported delayed price recognition as a persistent challenge.

    By June 6, 2024
  • Large rolls of sheet aluminum stacked in a factory setting
    Image attribution tooltip
    SafakOguz via Getty Images
    Image attribution tooltip

    Novelis backtracks on IPO launch

    The supplier to customers like Ball, Ardagh and Coca-Cola said it’s holding off on previously announced plans “due to market conditions” a week after pricing an offering that could have generated as much as $945 million.

    By June 5, 2024
  • International Paper's new logo.
    Image attribution tooltip
    Courtesy of International Paper/Cision
    Image attribution tooltip

    Suzano and International Paper address deal rumors, details still unclear

    Executives acknowledged a potential transaction for the first time this week, but made clear that no formal offer is in place. Analysts speculate that Suzano may specifically be interested in IP’s Global Cellulose Fibers business.

    By May 23, 2024
  • Outside view of an office building with a sign for Cascades paper.
    Image attribution tooltip
    Courtesy of Cascades
    Image attribution tooltip

    Cascades names Hugues Simon as new CEO

    The Resolute Forest Products executive will replace retiring CEO Mario Plourde no later than July 1. This is the latest in a string of packaging company CEO transitions over the past year.

    By May 17, 2024
  • A line of 21 people across dirt, each wearing hard hats and carrying shovels, ceremonially break ground at the site of Novelis' aluminum rolling and recycling plant in Bay Minette, Alabama.
    Image attribution tooltip
    Courtesy of Novelis
    Image attribution tooltip

    Ball, Ardagh, Coca-Cola aluminum supplier Novelis pursues IPO

    The Atlanta-based aluminum company’s recent filings shed light on the state of the U.S. market for food and beverage cans. It’s looking to boost its recycled content use from 63% to 75% in the coming years.

    By May 16, 2024
  • An end display in Target's grocery section features boxes of Pop-Tarts with a sign saying "Sale! Kellogg's Pop-Tarts frosted pastries 12-ct; When you buy 2; 2/$6"
    Image attribution tooltip
    Mario Tama via Getty Images
    Image attribution tooltip

    CPG promotional activity unevenly impacts packaging suppliers

    Boxboard producers stand to benefit the most as consumer packaged goods companies shift away from their recent “value over volume” strategy, according to a Truist Securities analyst.

    By May 15, 2024
  • Close up view of stacked corrugated cardboard.
    Image attribution tooltip
    Mikola249 via Getty Images
    Image attribution tooltip

    Upcoming round of linerboard price increases marks fiber companies’ second attempt in 2024

    Companies including Cascades, Georgia-Pacific, Pratt Industries and WestRock plan to join International Paper in raising linerboard prices in June, following a lack of recognition for earlier increases, analysts say.

    By May 13, 2024
  • Berry Global's headquarters in Evansville, Indiana.
    Image attribution tooltip
    Permission granted by Berry Global
    Image attribution tooltip

    Berry completes multiple divestitures with ‘line of sight to much more’

    Divestitures within the next year could net at least $2 billion in cash proceeds, said Berry Global CEO Kevin Kwilinski, who is upping the company’s focus on consumer packaging.

    By May 10, 2024
  • PCA to appeal $91.8M payout verdict for Louisiana plant explosion

    Packaging Corporation of America believes its insurance will cover the cost of damages in the latest lawsuit over a deadly 2017 explosion at a pulp mill in DeRidder, Louisiana.

    By May 9, 2024
  • Aerial shot of Suzano production site in Brazil
    Image attribution tooltip
    Courtesy of Suzano
    Image attribution tooltip

    Brazilian paper company pursuing $15B offer for International Paper: Reuters

    The report of Suzano’s verbal proposal comes weeks after International Paper’s agreement to buy DS Smith. Both sides could have an interest in combining fluff pulp supply, according to one analyst.

    By Updated May 7, 2024
  • Interior of industrial production facility
    Image attribution tooltip
    Courtesy of Sonoco
    Image attribution tooltip

    Sonoco says higher snack, food prices hurt packaging sales volumes

    Executives expect slower consumer spending, even when brands and retailers run promotions, to stretch into the second quarter and dampen sales.

    By May 3, 2024