Finance

  • 7 people smile and cut a red ribbon in front of Pregis' new facility in Elgin, Illinois, on Sept. 19, 2025.
    Image attribution tooltip
    Courtesy of Pregis
    Image attribution tooltip

    Midwest and South poised for new packaging manufacturing jobs

    Pratt Industries, Pregis, Smurfit Westrock and Axium Packaging are among the companies that have announced or opened new or expanded production operations in recent weeks.

    By • Oct. 14, 2025
  • An Amcor sign on a building
    Image attribution tooltip
    Courtesy of Amcor
    Image attribution tooltip

    Amcor hires away Graphic Packaging’s CFO

    Stephen Scherger, Amcor’s soon-to-be chief financial officer, will oversee the ongoing Berry Global integration, including portfolio optimization efforts.

    By • Oct. 10, 2025
  • A sign outside a building says Packaging Corporation of America.
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    PCA closures in Pennsylvania, North Carolina hit 168 jobs

    The end-of-year cuts come as the corrugated specialist also integrates newly acquired assets from Greif’s containerboard network into its U.S. footprint.

    By • Oct. 7, 2025
  • An adult uses an aerosol can containing cleaner while working on auto parts with a child.
    Image attribution tooltip

    Screenshot: Sonoco/Vimeo

    Image attribution tooltip

    Sonoco’s inaugural TV ads put a lens on packaging’s everyday moments

    The company tapped into modern tools such as connected TV. Return on investment has been stronger than expected, said a metal packaging marketing director.

    By • Oct. 6, 2025
  • The back of a factory worker carrying their hardhat in hand and leaving the plant.
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    Fiber, plastic producers announced closures in September

    Closures and layoffs at Domtar, Jindal Films America and Pregis will occur in three states. Meanwhile, Swedish company Billerud is cutting roles in Europe.

    By • Oct. 2, 2025
  • Hundreds of people in a convention center
    Image attribution tooltip
    Katie Pyzyk/Packaging Dive
    Image attribution tooltip

    Top packaging trade shows in 2026

    These conferences and events — ranging from smaller-scale niche gatherings to shows bringing together some 50,000 people — promise fresh opportunities for learning and making connections.

    By Packaging Dive Staff • Oct. 1, 2025
  • Equipment with branding for TemperPack is set up in an exposition hall.
    Image attribution tooltip
    Maria Rachal/Packaging Dive
    Image attribution tooltip

    Closed Loop to loan TemperPack $10M

    This is Closed Loop’s third loan since 2018 for the Virginia-based cold-chain packaging solutions company focused on plant-based alternatives to plastic foam.

    By • Sept. 30, 2025
  • A hand brushes organic materials like vegetable scraps off a plate and into a bin
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    ReFed, Closed Loop Partners each announce new organics grants

    The pair of funding announcements signals continued investment in both public and private organics recycling initiatives, including for compostable packaging.

    By Jacob Wallace • Sept. 29, 2025
  • An industrial facility with a white exterior and Graphic Packaging International's green and black logo.
    Image attribution tooltip
    Permission granted by Graphic Packaging International
    Image attribution tooltip

    Graphic Packaging International dismissed from containerboard price-fixing lawsuit

    The class-action lawsuit will continue against the other seven defendants who were accused of colluding.

    By • Sept. 26, 2025
  • Aluminum cans at a factory
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    Tariff front-loading buoyed manufacturing in H1, but costs are ahead: OECD

    “The impacts of higher tariff rates are yet to be fully felt in the US economy,” according to a report from OECD, a global policy forum. Negative effects from metals tariffs are of particular concern to the packaging industry.

    By • Sept. 24, 2025
  • Five people stand in front of a Nefab building with a grand opening sign and get ready to cut a giant ribbon.
    Image attribution tooltip
    Permission granted by Nefab
    Image attribution tooltip

    Ball, Lamiflex, Nefab announce expansions

    Other packaging manufacturers making investments to expand in the United States include iPower and Ring Container Technologies.

    By • Sept. 18, 2025
  • Stacks of cardboard boxes in a logistics center
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    Corrugated comeback? Fiber’s yearslong slide could be easing

    Analysts believe corrugated markets are at an inflection point, in part due to this year’s uncommonly large containerboard capacity reductions and a milder-than-feared tariff environment. But recovery is not expected to be dramatic.

    By • Sept. 16, 2025
  • Two people sitting in front of a blue background speak to an audience.
    Image attribution tooltip

    Screenshot: Jefferies

    Image attribution tooltip

    International Paper CEO describes wins, challenges with transformation plan

    CEO Andy Silvernail dug into the company’s ongoing optimization and how recent changes in Georgia play a role in long-term return on investments, during a Sept. 4 session at the Jefferies Industrials Conference.

    By • Sept. 10, 2025
  • Georgia-Pacific's headquarters in downtown Atlanta is lit up at night.
    Image attribution tooltip
    Permission granted by Georgia-Pacific
    Image attribution tooltip

    Georgia-Pacific to acquire Anchor Packaging

    The companies focus on different substrates and indicate their combination is complementary, especially to serve the food and beverage sectors.

    By • Sept. 9, 2025
  • A fiber shipping box with blue and white Orion and ThermoSafe branding sits on a conveyor.
    Image attribution tooltip
    Permission granted by ThermoSafe
    Image attribution tooltip

    Sonoco to sell ThermoSafe for up to $725M

    The final selling price to a private equity firm hinges on business performance in 2025. The long-awaited divestiture of the temperature-assured packaging business will help Sonoco offset the cost of its Eviosys acquisition.

    By • Sept. 8, 2025
  • A person stands at a podium while speaking, next to two people sitting at a table, in front of a blue background with the word Jefferies in white.
    Image attribution tooltip

    Screenshot: Jefferies

    Image attribution tooltip

    Graphic Packaging International embracing paper cup opportunities, CEO says

    At an event this week, CEO Mike Doss described how Graphic Packaging International’s play to be the king of cups is paying off amid customers’ economic challenges.

    By • Sept. 5, 2025
  • Three different sizes of cartons that bear branding for Pactiv Evergreen's SmartPour.
    Image attribution tooltip
    Katie Pyzyk/Packaging Dive
    Image attribution tooltip

    IP, Novolex, Smurfit Westrock among companies with August layoff announcements

    At least seven companies announced temporary and permanent layoffs that are slated to affect employees in multiple states, most prominently in Georgia and California.

    By • Sept. 4, 2025
  • Corrugated linerboard on a production line
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    PCA completes $1.8B acquisition of Greif’s containerboard business

    The divestiture “marks an important step forward for Greif,” CEO Ole Rosgaard said Tuesday, noting the deal’s contribution to debt reduction. The company adjusted its full-year guidance upon announcing the deal closed.

    By • Sept. 2, 2025
  • A worker operates a forklift in an industrial warehouse, surrounded by large rolls of a fiber product.
    Image attribution tooltip
    Retrieved from Greif on June 11, 2024
    Image attribution tooltip

    Greif cites progress of business reorganization, cost cutting

    Executives on the fiscal Q3 earnings call Thursday also shared updated timing on two major divestiture closings, with one coming slightly ahead of projections and the other slightly later.

    By • Aug. 28, 2025
  • The tops of silver tabbed beverage cans
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    Ball reduces stake in Saudi Arabia cans venture to 10%

    The Colorado-based aluminum products manufacturer sold most of its ownership interest to a subsidiary of a Beijing-based packaging solutions provider for approximately $70 million.

    By • Aug. 28, 2025
  • A view of an industrial machine with Ranpak's name and AutoFill branding on the exterior.
    Image attribution tooltip
    Permission granted by Ranpak
    Image attribution tooltip
    Q&A

    Ranpak lands second major e-commerce deal of 2025

    A deal with Walmart comes after one with Amazon. CEO Omar Asali discusses the importance of these enterprise customers, riding the AI wave for automation and navigating economic uncertainty ahead of the busy holiday season.

    By • Aug. 26, 2025
  • House Speaker Johnson signs a paper, while seated at a table with a sign that reads "One Big Beautiful Bill Act," while surrounded by a group of people.
    Image attribution tooltip
    Chip Somodevilla via Getty Images
    Image attribution tooltip

    Trump’s tax law could boost cash flow for manufacturers with deductions and more

    The recently signed tax law allows bonus depreciation for qualifying equipment, offers R&D deductions, locks in the corporate tax rate and more. But tariffs and tax code interpretations could still complicate companies’ financial plans.

    By Michelle No • Aug. 26, 2025
  • Canadian Prime Minister Mark Carney (center) and U.S. President Donald Trump (right) walk together during the G7 Leaders' Summit on June 16, 2025, in Kananaskis, Alberta. Italian Prime Minister Giorgia Meloni walks behind Carney and Trump.
    Image attribution tooltip
    Chip Somodevilla via Getty Images
    Image attribution tooltip

    Canada to scale back retaliatory tariffs for US imports on Sept. 1

    The country will lift levies on goods compliant with the United States-Mexico-Canada Agreement while maintaining sector-specific duties on steel, aluminum and cars.

    By Philip Neuffer • Aug. 22, 2025
  • Close-up view of a printed seal on a brown cardboard box. The black circular stamp includes product details and is from "INTERNATIONAL PAPER" located in "BINGHAMTON, NY." Additional printed text is visible on the right-hand side in large black font.
    Image attribution tooltip
    Alamy
    Image attribution tooltip

    International Paper to close 4 facilities, affecting 1,100 employees

    The latest closures bring the number of impacted IP workers to 3,600 since October 2024. The actions add to North American containerboard production capacity cuts, which now total 9.5% in 2025, according to an analyst.

    By • Aug. 21, 2025
  • stacks of white diapers
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    International Paper selling global cellulose fibers unit for $1.5B

    Private equity firm American Industrial Partners is the buyer in the long-anticipated sale. CEO Andy Silvernail has been pushing to make International Paper a more streamlined, pure-play packaging solutions company.

    By • Aug. 21, 2025