Finance: Page 2
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Courtesy of Pregis/Business Wire
Poly-Pak, Smurfit Westrock, TC Transcontinental add to 2025 packaging closures, layoffs
Ardagh Glass, Clearwater Paper, International Paper and Pactiv Evergreen also in February each detailed efforts to cut hundreds of employees.
By Katie Pyzyk • March 4, 2025 -
Courtesy of International Paper/Cision
International Paper’s CFO to move into ‘newly created role’ at DS Smith
Longtime IP employee Tim Nicholls is shifting to the newly acquired entity. IP's new CFO comes from outside the company.
By Katie Pyzyk • Feb. 28, 2025 -
LordRunar via Getty Images
Ardagh Metal Packaging forecasts volume growth in 2025
The company highlighted positive trends with alcohol innovation and energy drinks. CEO Oliver Graham said he doesn’t expect tariffs to meaningfully impact the retail price of a can.
By Maria Rachal • Feb. 28, 2025 -
Stockyme via Getty Images
Greif to sell timberland subsidiary Soterra
Executives on Thursday’s earnings call also detailed the financial impacts of two recently announced closures, as well as the expected effects of tariffs.
By Katie Pyzyk • Updated March 19, 2025 -
Retrieved from Packaging Corporation of America on February 27, 2025
Packaging Corporation of America shakes up leadership
The company will elevate multiple longtime employees to fill positions, including for the CFO and president roles.
By Katie Pyzyk • Feb. 27, 2025 -
Permission granted by Amcor
Amcor, Berry shareholders approve $8.4B combination
Amcor announced in November that it would acquire Berry, which was in M&A talks with multiple other parties earlier in 2024, according to a regulatory filing.
By Maria Rachal • Feb. 26, 2025 -
Permission granted by Sealed Air
Sealed Air ‘becoming more substrate-agnostic,’ upping fiber mailers
Sealed Air’s new CEO wants to be more competitive in e-commerce. The company is also working to mitigate the impact of tariffs and close two plants by year’s end.
By Maria Rachal • Feb. 25, 2025 -
samritk via Getty Images
February’s partial price increase for containerboard again raises index questions
Fiber producers continue to move away from third-party indexes and question their relevance to the broader market. Plus, analysts flag that containerboard oversupply and expected mill closures will affect prices.
By Katie Pyzyk • Feb. 25, 2025 -
SafakOguz via Getty Images
Packaging manufacturers detail 2024 results
Sonoco, Smurfit Westrock, Graphic Packaging International, Amcor and International Paper are among the major companies that have shared their 2024 results. Read what executives had to say.
By Packaging Dive Staff • Feb. 24, 2025 -
Courtesy of Cascades
Tariff uncertainty looms large for Cascades
Tariffs could impact 15% of Cascades' revenues, so the company has devised plans to mitigate potential negative effects, executives said on Thursday’s earnings call.
By Katie Pyzyk • Feb. 21, 2025 -
Courtesy of Eviosys
Sonoco turns M&A eye to ThermoSafe sale after Eviosys deal close
M&A drove a “milestone” year in 2024, Sonoco executives said. But the Eviosys acquisition’s longer-than-expected approval timeline affected contract negotiations, said CEO Howard Coker.
By Katie Pyzyk • Feb. 20, 2025 -
J. Michael Jones via Getty Images
Pactiv Evergreen settles for $6.25M over 2023 North Carolina mill closure
The restitution amount is more than half of what Pactiv Evergreen received from the state in grants for the site. The company is “pleased to have resolved” matters related to the Canton mill, which it sold last month.
By Katie Pyzyk • Feb. 19, 2025 -
Clearwater Paper eliminates 200 positions as part of cost-cutting plan
The positions represent 10% of the company’s workforce. In 2025, Clearwater will work to broaden its product portfolio and improve operational performance, executives said.
By Katie Pyzyk • Feb. 18, 2025 -
Maria Rachal/Packaging Dive/Packaging Dive
Sealed Air ousts another CEO
Patrick Kivits held the role for less than eight months. Sealed Air recently reorganized into food and protective packaging verticals.
By Maria Rachal • Feb. 18, 2025 -
Rachel Pollack/Packaging Dive
International Paper to close 4 facilities, affecting 674 employees
The bulk of those jobs are at a Louisiana mill slated to cease operations by March 31, according to an additional securities filing from the company. It adds to more than 1,500 layoffs announced in late 2024.
By Katie Pyzyk • Updated Feb. 13, 2025 -
Courtesy of TransPak
10 manufacturers invest millions in packaging, rPET expansions
The lion’s share of recently announced investments will occur in the central United States, including for International Paper, Genpak, Eagle Flexible Packaging and Premier Packaging.
By Katie Pyzyk • Feb. 13, 2025 -
Courtesy of Smurfit WestRock
Smurfit Westrock balances closures, investments in ‘transformation’ year
The company also is assessing the potential impacts of new tariffs and eyeing other pricing models, executives said.
By Katie Pyzyk • Feb. 12, 2025 -
LordRunar via Getty Images
Metal packaging manufacturers raise red flags over new tariffs
Both packaging and “consumer prices will go up” as manufacturers pass down increased costs, said Can Manufacturers Institute President Robert Budway.
By Katie Pyzyk • Feb. 11, 2025 -
skynesher via Getty Images
Ball, Crown, O-I talk beverage market, 2025 consumer concerns
Customers’ portfolio diversity, the spending strength of end consumers, and competition between glass and cans were discussion points during recent earnings calls.
By Maria Rachal • Feb. 11, 2025 -
Ratchapon Supprasert via Getty Images
Ardagh Glass closing Illinois plant, affecting 316 employees
The suburban Chicago plant closure comes after two other permanent shutdowns in recent months, which impacted nearly 500 jobs.
By Katie Pyzyk • Updated Feb. 6, 2025 -
Courtesy of McDonald's
Graphic Packaging ‘very pleased’ with customer response to third-party pricing index exit
The company anticipates little impact from new tariffs, executives said. Plus, they updated progress on the recycled paperboard mill expected to open in Waco, Texas, this year.
By Katie Pyzyk • Feb. 5, 2025 -
Courtesy of Amcor
Amcor feels pain from healthcare destocking, says Berry deal on track
Volumes were up for Amcor, but lingering healthcare destocking and weaker beverage demand in North America presented headwinds. Separately, Berry disclosed that the sale of its tape business to private equity closed in February.
By Maria Rachal • Feb. 4, 2025 -
Courtesy of International Paper/Cision
International Paper completes acquisition of DS Smith
The new IP is among the largest packaging companies in the world. The nearly yearlong journey to close the deal was convoluted at times, including competing interest from Mondi and Suzano.
By Katie Pyzyk • Jan. 31, 2025 -
Courtesy of Dow Inc.
Dow plans 1,500 layoffs in $1B savings plan
The cost-cutting announcement follows a 6% sales decline in the company’s packaging and specialty plastics segment.
By Sara Samora • Jan. 31, 2025 -
jittawit.21 via Getty Images
The packaging industry outlook for 2025
The evolution of packaging EPR, potential for more industry-reshaping megadeals, shifting attitudes on plastics and sustainability goals, and Trump’s mark on trade and federal funding are dynamic areas to watch.
By Packaging Dive Staff • Jan. 31, 2025
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