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February closure announcements hit hundreds of North American packaging workers
Packaging manufacturers including Ardagh, Cascades, International Paper and Smurfit Westrock announced a variety of facility and production line closures scheduled to take place in the coming months.
Updated March 4, 2026 -
Screenshot: Greif/YouTube
PCA CEO says $5.2B worth of investments will pay off in 2026
Packaging Corporation of America CEO Mark Kowlzan detailed the impact of investments over the last decade, where energy projects are set to occur, and his optimism for nearshoring, during a BofA Securities event.
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Sealed Air reduced debt in 2025 ahead of acquisition
Sealed Air released Q4 and full-year 2025 earnings results on the heels of shareholders approving the company’s acquisition by private equity firm CD&R.
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Axe redesigns aerosol can to pass the sniff test
The can’s new propellant technology is the first such change in roughly two decades, according to a Unilever senior manager. It reduces overspraying with components designed to provide targeted product application.
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Ardagh saw boost for cans, decline for glass in 2025
Energy drink demand bolstered beverage can shipments in North America, while cuts to glass production hit results on that side of the business. It’s Ardagh’s first earnings report since a recapitalization agreement in November.
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International Paper CEO pulls back the curtain on planned geographic split
The company wants to “liberate” the North America and EMEA businesses, CEO Andy Silvernail explained at an event Thursday. IP “overestimated” customers’ desire to strike deals on a global basis, he said.
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Cascades targeting $100M in additional divestitures for 2026
The company achieved ahead of schedule its goal of $120 million in proceeds from asset sales and now targets more. Meantime, Cascades continues to navigate tariffs, which is “an ever-moving” situation, said CEO Hugues Simon.
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CD&R’s acquisition of Sealed Air clears hurdles
Shareholders on Wednesday approved private equity firm CD&R’s proposed purchase of the packaging company, days after the European Commission gave the thumbs up to proceed.
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