Packaging M&A may be more measured, but still active, in year ahead

High interest rates and more consolidation may be limiting major deals, but the role of private equity and sustainability demand remain influential. Experts from Specright, Deutsche Bank and the Plastics Industry Association weigh in.

By Cole Rosengren • April 7, 2023

Greif buys majority stake in industrial packaging company Centurion Container for $145M

Greif hopes the deal stemming from a 2020 joint venture will “greatly expand” its North American presence and be a circular solution for intermediate bulk containers and plastic drums.

By Maria Rachal • April 4, 2023

Packaging companies announced US facility closures, at least 1,800 planned layoffs, in Q1

Ball, O-I Glass, Pactiv Evergreen, Sonoco and others are all trimming operations in multiple states.

By Maria Rachal • Updated March 30, 2023

5 factors influencing packaging design and operations

From navigating inflation and changing regulations to assessing the impact of automation and plastics M&A, these are some of the top industry trends to watch.

By Katie Pyzyk , Maria Rachal , Cole Rosengren • March 27, 2023

Billerud North America to get new president as it pursues regional growth

Kevin Kuznicki, previously deputy president and general counsel, will take the helm as the Swedish paper specialist looks to expand its U.S. business following the 2022 acquisition of Verso.

By Maria Rachal • March 27, 2023

Fed hikes main rate by quarter-point, notes ‘resilient’ banking system

The central bank tightened borrowing costs despite banking instability as inflation persists well above its 2% target.

By Jim Tyson • March 23, 2023

Sonoco reports ‘pivotal year’ of growth driven by consumer packaging demand and M&A

During a recent earnings call, CEO Howard Coker touted the importance of the company’s metal packaging acquisition — its largest ever — and why he thinks it “feels like we are in a recession.” 

By Katie Pyzyk • Feb. 13, 2023

WestRock notes global paper market headwinds but touts sustainability investments as growing opportunity

WestRock reported lower Q1 income and withdrew full-year guidance due to market uncertainty. CEO David Sewell said increased packaging revenue and a focus on plastic packaging replacement projects are positive signs, however.

By Megan Quinn • Feb. 2, 2023

Northstar Recycling acquires Sonoco’s ‘asset-light’ waste services business

The private equity-backed company has purchased a business that focuses on providing third-party service and consulting to large manufacturing clients from the major packaging company.

By Cole Rosengren • Feb. 1, 2023