Finance: Page 2


  • Close-up view of the edge of flattened corrugated boxes, showing the corrugating medium between the linerboard layers.
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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 Aug. 20, 2025
  • Various sizes and shapes of plastic containers with food inside.
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    Courtesy of Pactiv Evergreen
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    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 Aug. 20, 2025
  • A large roll of kraft paper in a factory setting
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    Getty Images
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    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 Aug. 15, 2025
  • Amcor logo
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    Permission granted by Amcor
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    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 Aug. 14, 2025
  • A large roll of white paper is next to industrial equipment in a manufacturing facility.
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    Retrieved from Screenshot: Sappi/YouTube on August 14, 2025
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    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 Aug. 14, 2025
  • Outside view of an office building with a sign for Cascades paper.
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    Courtesy of Cascades
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    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 Aug. 7, 2025
  • Cans of Açaí Motion energy drinks
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    Courtesy of Ball Corp.
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    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 Aug. 6, 2025
  • A view of numerous trees in a dense forest.
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    Getty Images
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    Greif sells timberlands business for $462M

    The sale to Molpus Woodlands Group aligns with Greif’s ongoing optimization and cost-reduction efforts.

    By Updated Oct. 2, 2025
  • Cookies are housed in a clear plastic try with a reclosable plastic film cover.
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    Katie Pyzyk/Packaging Dive
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    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 Aug. 5, 2025
  • European Union President Ursula von der Leyen speaks with U.S. President Donald Trump on July 27, 2025, in Turnberry, Scotland.
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    Andrew Harnik via Getty Images
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    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
  • The exterior of an industrial facility with cars in a parking lot, which is surrounded by a chain-link fence.
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    Permission granted by Cascades
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    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 Aug. 4, 2025
  • Aerial view of an industrial facility with an International Paper sign on the outside.
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    Permission granted by International Paper
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    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 Aug. 1, 2025
  • A variety of different colored industrial steel drums.
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    Retrieved from Greif on August 01, 2025
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    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 Aug. 1, 2025
  • Close-up of brown corrugated packaging
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    Getty Images
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    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 July 31, 2025
  • A historical marker gives background on the Georgia-Pacific Center, the corporate headquarters for Georgia-Pacific.
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    Permission granted by Georgia-Pacific
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    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 July 31, 2025
  • O-I Glass global headquarters.
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    Courtesy of O-I Glass
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    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 July 30, 2025
  • A person wearing protective equipments stands next to a several large paper rolls in a factory.
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    Courtesy of Smurfit Westrock
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    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 July 30, 2025
  • A box with a top and side opening contains stacked coffee pods.
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    Permission granted by Graphic Packaging International
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    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 July 29, 2025
  • The tops of silver tabbed beverage cans
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    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 July 28, 2025
  • U.S. President Donald Trump and European Commission President Ursula von der Leyen shake hands after concluding trade negotiations on July 27, 2025, in Turnberry, Scotland
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    Andrew Harnik via Getty Images
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    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
  • Customer holding and looking at pouch packaging
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    Getty Images
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    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
  • Top view of paper-based food cans made by Sonoco
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    Courtesy of Sonoco
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    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 July 24, 2025
  • A sign outside a building says Packaging Corporation of America.
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    Getty Images
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    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 Updated July 25, 2025
  • Flexible plastic packaging pouches
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    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 July 23, 2025
  • View from above of dozens of tabbed beverage cans
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    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 July 22, 2025