Finance: Page 2
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Containerboard price-fixing lawsuit advances
The complaint against eight of the largest U.S. containerboard producers is “definitely not frivolous” and shows a “pretty solid basis for bringing the action,” said one attorney with antitrust defense expertise.
By Katie Pyzyk • Aug. 20, 2025 -
Novolex closing Pactiv Evergreen plant in California, affecting 127 employees
This follows a Pactiv Evergreen facility closure in Michigan earlier this year that resulted in 153 layoffs.
By Maria Rachal • Aug. 20, 2025 -
4 fiber companies’ earnings flag ‘challenging’ industry conditions
Weak demand, trade conditions, divestitures and swing production dominated earnings reports from Clearwater Paper, Sappi, Stora Enso and Sylvamo.
By Katie Pyzyk • Aug. 15, 2025 -
Amcor considers divesting North American beverage business
The company is redefining its “core portfolio” after acquiring Berry Global. Since finalizing that deal, Amcor has cut 200 roles and worked to close five sites. It’s also hit some unexpected snags in North America.
By Maria Rachal • Aug. 14, 2025 -
Retrieved from Screenshot: Sappi/YouTube on August 14, 2025
Hood Container, Sappi, Uline invest in expansions
Cosmo Films, Eco King, Flair Packaging, Schütz Container Systems, TricorBraun and Trioworld Group are among the other packaging companies expanding their production capacities or geographical footprints.
By Katie Pyzyk • Aug. 14, 2025 -
Cascades details Virginia production ramp-up, New York wind-down
The Canadian fiber specialist said it accelerated the closure of corrugated medium manufacturing operations in Niagara Falls in light of notable tonnage increases at Bear Island that persisted through July.
By Maria Rachal • Aug. 7, 2025 -
Ball optimistic after growth in nonalcoholic beverages
Meanwhile, the can manufacturer has been doing some “repositioning” of its beer-heavy portfolio, as that category has been relatively soft across geographies. The company called tariff impacts “manageable.”
By Maria Rachal • Aug. 6, 2025 -
Greif sells timberlands business for $462M
The sale to Molpus Woodlands Group aligns with Greif’s ongoing optimization and cost-reduction efforts.
By Katie Pyzyk • Updated Oct. 2, 2025 -
Sealed Air details protective packaging turnaround progress, introduces new CFO
The second quarter of 2025 brought the most stable year-over-year volume results for protective packaging since 2021, said CEO Dustin Semach on Tuesday’s earnings call.
By Katie Pyzyk • Aug. 5, 2025 -
EU delays countermeasures to US tariffs by 6 months
The bloc has now paused countermeasure implementation three times. The measures currently put on hold include additional duties for aluminum and steel products.
By Philip Neuffer • Aug. 5, 2025 -
Cascades, IP, O-I Glass announced layoffs in July
Employees in California, New York and Oregon are affected by the closures at paper and glass facilities, according to state WARN filings.
By Katie Pyzyk • Aug. 4, 2025 -
International Paper sets sights on mill improvements
The company still aims to divest its global cellulose fiber business by year’s end, but “the markets have been tough,” said CEO Andy Silvernail on Thursday’s earnings call.
By Katie Pyzyk • Aug. 1, 2025 -
Retrieved from Greif on August 01, 2025
Greif to close California facility, cut 43 jobs
Closing the steel drum and polymer container manufacturing facility aligns with the company’s plan to cut $100 million in costs by fiscal year 2027.
By Katie Pyzyk • Aug. 1, 2025 -
Cardboard cartel? Lawsuit accuses containerboard manufacturers of price fixing
A class-action lawsuit led by a food customer follows a period of industry consolidation and multiple producer price hikes. It’s not the first time major producers have been sued over claims of anticompetitive actions.
By Katie Pyzyk • July 31, 2025 -
Georgia-Pacific announces CEO change
Christian Fischer, who has served as president and CEO since 2017, will retire from the company, ending a tenure dating back to 1989. The company aims to name a long-term replacement in 2026.
By Maria Rachal • July 31, 2025 -
O-I continues to cut costs, ends MAGMA production technology
The glass containers company is continuing with curtailments and closures, while also implementing more efficient operating systems at some facilities. Despite a dip in Q2, the company expects relatively stable volumes in 2025.
By Maria Rachal • July 30, 2025 -
Smurfit Westrock touts ‘significant improvements’ to operations at 1-year mark
The company will continue efforts to optimize its corrugated box system, including through adjusting its footprint and cutting “loss-making” customer contracts, executives said on a Wednesday earnings call.
By Katie Pyzyk • July 30, 2025 -
Graphic Packaging’s costs climb as Waco mill nears finish line
Design and labor costs at a Texas project prompted Graphic Packaging International to restate its expected capital expenditures and free cash flow. CEO Mike Doss also noted a “highly unusual” decline in consumer spending.
By Katie Pyzyk • July 29, 2025 -
Ardagh owner agrees to cede ownership for $300M in recapitalization deal
The recapitalization transaction announced Monday would shift control from Paul Coulson, who long served as chairman of Ardagh Group. The company also disclosed Q2 results, showing glass packaging as a weak spot.
By Maria Rachal • July 28, 2025 -
US, EU agree to lower tariffs in ‘framework’ deal
Most imports from the bloc would face a 15% tariff under the pact, but steel and aluminum remain at 50%, U.S. President Donald Trump and European Commission President Ursula von der Leyen announced Sunday.
By Philip Neuffer • July 27, 2025 -
Packaging manufacturers reveal Q2 results and trends
Greif recently added to insights from August earnings calls, which also included reports from Amcor, Cascades, Ball and more.
By Packaging Dive Staff • Updated Sept. 2, 2025 -
Sonoco scaling automation, robotics, digital printing
As Sonoco goes through a period of major acquisitions and divestitures, it’s eyeing $65 million in “productivity savings” in 2025 as it focuses on “the needs of our fewer, bigger businesses,” said CEO Howard Coker.
By Maria Rachal • July 24, 2025 -
PCA details growth plans after Greif containerboard acquisition
Packaging Corporation of America is poised to benefit from competitors’ cuts to containerboard capacity this year, but the company is watching tariff-driven fluctuations in customer orders, said executives on a Thursday earnings call.
By Katie Pyzyk • Updated July 25, 2025 -
Unpacking 2025’s private equity activity trends
The first half of the year saw 71 PE deals in containers and packaging, according to PitchBook data. Analysts break down the economic factors influencing PE activity and exits in packaging, or lack thereof.
By Maria Rachal • July 23, 2025 -
Canmaker Crown Holdings raises 2025 guidance
The company reported that demand in North American food rose 9% during Q2, led by vegetables. It aims to build can inventory by year’s end.
By Maria Rachal • July 22, 2025