The Latest
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Tracking packaging mergers and acquisitions in 2024
Saica Group is acquiring Schumacher Packaging; Clearwater Paper is selling its tissue business; PSB Industries is acquiring cosmetics packaging manufacturer Quadpack; Suzano is purchasing two Pactiv Evergreen mills.
Updated July 23, 2024 -
Silgan plans to spend over $900M on latest dispensing acquisition
Weener Plastics is Silgan’s latest major purchase in recent years to grow its dispensing and specialty closures division.
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New International Paper CEO details recovery plan after ‘totally unacceptable’ results
CEO Andrew Silvernail came into the ring punching during his first earnings call since taking the role in May. The team is “tired of getting their butt kicked” due to historic underinvestment in capital expenditures and maintenance, he said.
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Crown expects $300M in proceeds from Eviosys deal
Crown Holdings CEO Tim Donahue detailed how the canmaker intends to spend it.
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Tracker
Packaging manufacturers set big sustainability goals. How are they doing?
DS Smith reported ongoing progress toward its greenhouse gas emissions reduction goals and published its inaugural net zero transition plan.
Updated July 23, 2024 -
Biden announces goal to phase out federal procurement of single-use plastics
The White House released a government-wide strategy and goals a month after the General Services Administration’s final rule encouraging, but not requiring, federal contractors to identify single-use, plastic-free packaging.
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Clearwater to focus on paperboard after $1B tissue business sale
The latest transaction for the Washington-based company will remove four U.S. tissue production facilities from its footprint, after recently gaining a bleached paperboard manufacturing plant in Georgia.
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International Paper, Suzano, Stora Enso join call to reverse biodiversity loss ahead of COP16
A coalition of more than 130 businesses across industries, including CPGs Unilever and Nestlé, are pressing world leaders to take action on an issue often overlooked by corporate sustainability plans.
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Novolex, USW celebrate duties against paper bag importers
The U.S. Department of Commerce's anti-dumping and countervailing duty orders apply to China, India and others. This follows the International Trade Commission’s finding that U.S. producers were being "materially injured."
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Smurfit WestRock and others set to raise fiber prices in August
Upcoming increases on multiple fiber grades, set to take effect in August, are the latest development in an ongoing push-pull between converters and the Fastmarkets RISI index.
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Packaging policy issues to watch in the second half of 2024
After a first half marked by EPR negotiations and some notable federal rules, still to come are next steps on the EU’s PPWR, a fifth meeting toward a global plastics agreement and possibly an update on the Green Guides.
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Packaging groups engaged on numerous state EPR bills in 2024. What have they learned?
Material and CPG trade groups are growing more accustomed to extended producer responsibility legislation in statehouses. Leaders weighed in on lessons to take forward from Minnesota, New York and other states this year.
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PR3, DOE collaborate to standardize reuse system data accessed via QR codes
PR3, a beneficiary of a U.S. Department of Energy prize, envisions an interoperable future in which the data needed to collect, transport and wash containers could integrate in an on-pack QR code.
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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.
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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.
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Novolex upped its PCR use, product recyclability in 2023
The plastic, fiber and bio-based packaging company also touted its increased investments in compostable and reusable solutions in its newly released 2023 sustainability report.
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EPA grants petition to review PFAS in fluorinated plastic containers
The agency intends to request information on the prevalence of these containers in the U.S., potential alternatives to the fluorination process and risk mitigation measures. This follows a court battle with manufacturer Inhance Technologies.
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5 packaging stats from Amazon’s sustainability report
Amazon fell short on its 2023 device packaging recyclability goal, but it grew the share of products that can ship without added packaging and improved lightweighting.
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Packaging innovations: Clearly Canadian’s metal multipack makeover, Oman Air’s plastic purge
Plus, Amcor Capsules and Moët & Chandon get foiled, Georgia-Pacific wraps its toilet paper in paper and Contempo Specialty Packaging introduces compostable and reusable cannabis packaging.
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US Plastics Pact hires new CEO with flexible packaging expertise
On the heels of the organization pushing goals from 2025 to 2030, CEO Jonathan Quinn discusses opportunities to tackle challenges with creating a “plastics circular economy.”
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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.
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Starbucks, KFC, Peet’s Coffee collaborate on citywide reusable cups project
Closed Loop Partners describes the Petaluma, California, project as a first-of-its-kind initiative for a U.S. city in which reusable to-go cups are the default option across multiple restaurants.
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Social media-driven redesigns: Lessons from a packaging pickle
Platforms such as Instagram and TikTok have created space for packaging to go viral for not-so-good reasons. But they also give brands such as Grillo’s Pickles a potentially powerful new tool for garnering consumer feedback.
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Lenovo banks on bamboo to bump plastic packaging
In addition to expanding its use of bamboo fiber material in 2023, electronics company Lenovo also increased its use of ocean-bound plastics in product packaging.
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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.
Updated July 8, 2024