Finance: Page 2
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Permission granted by International Paper
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 -
Lisa Beeby via Getty Images
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 -
Permission granted by Georgia-Pacific
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 -
Courtesy of O-I Glass
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 -
Courtesy of Smurfit Westrock
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 -
Permission granted by Graphic Packaging International
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 -
LordRunar via Getty Images
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 -
Andrew Harnik via Getty Images
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 -
jittawit.21 via Getty Images
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 -
JHVEPhoto via Getty Images
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 -
Courtesy of Sonoco
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 -
Romeo Gacad via Getty Images
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 -
gerenme via Getty Images
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 -
Courtesy of International Paper/Cision
International Paper to close California facility, affecting 71 employees
The Buena Park, California, closure is slated for the first week of August. This latest in a string of closures since October 2024 brings IP’s total number of affected U.S. employees to approximately 2,500.
By Katie Pyzyk • July 22, 2025 -
Courtesy of Amcor
Sonoco, Arglass, Josh Packaging announce investments to expand manufacturing
Plus, Amcor and American Packaging Corp. announced production capacity expansions while E. Hofmann and ValorFlex Packaging of Kentucky are moving into new geographies.
By Katie Pyzyk • July 16, 2025 -
Courtesy of Smurfit WestRock
This is how much money packaging CEOs made in 2024
Tony Smurfit, head of newly formed Smurfit Westrock, had the greatest compensation package among packaging manufacturers in the S&P 500 last year.
By Maria Rachal • July 15, 2025 -
Permission granted by Cascades
Cascades to close Niagara Falls containerboard mill, affecting 123 employees
Aging infrastructure and high operating costs contributed to the decision to close, according to a Cascades spokesperson. This is the sixth major U.S. containerboard production facility closure in 2025 so far.
By Katie Pyzyk • July 9, 2025 -
lucky-photographer via Getty Images
Packaging M&A may not rise until next year, analysts say
Deal volume has been somewhat similar in 2025 as in 2024. Tariff uncertainty could dampen growth in the months to come, analysts note.
By Maria Rachal • July 9, 2025 -
Permission granted by Novolex
Novolex names new COO
Tamer Abuaita joins the company three months after it acquired Pactiv Evergreen. He replaces the interim chief operating officer who served through the companies’ integration period.
By Katie Pyzyk • July 8, 2025 -
Courtesy of Pixelle Specialty Solutions
Pixelle, IP, Hood, Pratt disclosed layoff updates in June
State WARN notices detailed upcoming changes in Kansas, Michigan, Ohio and Washington across paper, packaging, recycling and transport sites.
By Maria Rachal • July 2, 2025 -
Permission granted by Greyparrot
4 collaborative projects that aim to advance packaging recycling
Speakers at the Packaging Recycling Summit detailed how brands, packaging manufacturers, recyclers, academics and others across the supply chain are teaming up to improve how packaging is managed at end of life.
By Katie Pyzyk • July 2, 2025 -
Alamy
Where packaging manufacturers have cut production in 2025
Across substrates, numerous major packaging suppliers have announced changes to their North American footprints.
By Packaging Dive Staff • July 1, 2025 -
JHVEPhoto via Getty Images
PCA buying Greif’s containerboard business for $1.8B
The transaction includes mills, sheet and corrugated assets in multiple states. The deal comes as Greif says it’s prioritizing polymer-based products and was unwilling to invest to become more competitive in containerboard.
By Maria Rachal • Updated July 1, 2025 -
Permission granted by Sonoco
Sonoco names interim CEO for metal packaging segment following death of Tomás López
Tomás López was CEO of Eviosys until Sonoco acquired it in December 2024. Following his death, the company has appointed a temporary leader for Sonoco Metal Packaging EMEA.
By Katie Pyzyk • June 30, 2025
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