Finance


  • 2 Ball aluminum cups branded for Bud Light and Super Bowl LIV against the backdrop of Hard Rock Stadium
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    Courtesy of Ball Corp.
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    Ball sells majority stake in aluminum cups business, forming joint venture

    Ball believes the joint venture, Oasis Venture Holdings, will grow its underperforming metal cups business, and it anticipates a $25 million year-over-year improvement following the asset sale.

    By March 24, 2025
  • Blue recycling bins are seen on a residential street Oct. 30, 2017, in Portland, Oregon.
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    Natalie Behring via Getty Images
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    Days away from Oregon EPR reporting deadline, cue the ‘compliance anxiety’

    In a U.S. first, producers of packaging, paper and food service ware have until the end of the month to report 2024 supply data through Circular Action Alliance’s portal. Oregon plans to start the program in July.

    By Updated March 21, 2025
  • O-I Glass leaders stand and cheer as they ring the New York Stock Exchange closing bell
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    Screenshot: New York Stock Exchange/YouTube

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    O-I seeks to compete better with cans in North America

    As part of an investor day, the glass company shared updates on an ongoing business strategy, including financial targets, cost-cutting efforts, portfolio transformation and growth opportunities.

    By March 18, 2025
  • cardboard boxes on a conveyor belt
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    alvarez via Getty Images
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    Which packaging companies have shuffled their C-suites in 2025?

    In the first few months of the year, Huhtamaki, Sealed Air, Sonoco, Packaging Corporation of America and International Paper have already announced some notable leadership shifts.

    By Packaging Dive Staff • March 10, 2025
  • A close-up view of various old corrugated boxes that are flattened.
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    Watcharin panyawutso via Getty Images
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    China’s import policies changed fiber trade. Tariffs could change it again.

    RaboResearch explored how pulp and paper are “caught in the cross fire of a new North American trade war” as well as trade trends with folding cartonboard and recovered paper.

    By March 5, 2025
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    Andrew Harnik/Getty Images via Getty Images
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    Paper, metal, plastics sectors raise alarm over North America tariffs

    The Plastics Industry Association said in a statement it was “deeply concerned” about the levies, citing $74.2 billion in exports and $73.3 billion in imports for plastics in 2023.

    By Updated March 5, 2025
  • Close-up of a plastic air-filled cushion for protecting products during shipping.
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    Courtesy of Pregis/Business Wire
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    Poly-Pak, Smurfit Westrock, TC Transcontinental add to 2025 packaging closures, layoffs

    Ardagh Glass, Clearwater Paper, International Paper and Pactiv Evergreen also in February each detailed efforts to cut hundreds of employees.

    By March 4, 2025
  • International Paper's new logo.
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    Courtesy of International Paper/Cision
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    International Paper’s CFO to move into ‘newly created role’ at DS Smith

    Longtime IP employee Tim Nicholls is shifting to the newly acquired entity. IP's new CFO comes from outside the company.

    By Feb. 28, 2025
  • The tops of silver tabbed beverage cans
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    LordRunar via Getty Images
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    Ardagh Metal Packaging forecasts volume growth in 2025

    The company highlighted positive trends with alcohol innovation and energy drinks. CEO Oliver Graham said he doesn’t expect tariffs to meaningfully impact the retail price of a can.

    By Feb. 28, 2025
  • A view of numerous trees in a dense forest.
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    Stockyme via Getty Images
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    Greif to sell timberland subsidiary Soterra

    Executives on Thursday’s earnings call also detailed the financial impacts of two recently announced closures, as well as the expected effects of tariffs.

    By Updated March 19, 2025
  • A variety of corrugated shipping boxes.
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    Retrieved from Packaging Corporation of America on February 27, 2025
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    Packaging Corporation of America shakes up leadership

    The company will elevate multiple longtime employees to fill positions, including for the CFO and president roles.

    By Feb. 27, 2025
  • Amcor logo
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    Permission granted by Amcor
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    Amcor, Berry shareholders approve $8.4B combination

    Amcor announced in November that it would acquire Berry, which was in M&A talks with multiple other parties earlier in 2024, according to a regulatory filing.

    By Feb. 26, 2025
  • A person opens a fiber e-commerce mailer and places an item inside.
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    Permission granted by Sealed Air
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    Sealed Air ‘becoming more substrate-agnostic,’ upping fiber mailers

    Sealed Air’s new CEO wants to be more competitive in e-commerce. The company is also working to mitigate the impact of tariffs and close two plants by year’s end.

    By Feb. 25, 2025
  • Bundled stacks of flat corrugated boxes.
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    samritk via Getty Images
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    February’s partial price increase for containerboard again raises index questions

    Fiber producers continue to move away from third-party indexes and question their relevance to the broader market. Plus, analysts flag that containerboard oversupply and expected mill closures will affect prices.

    By Feb. 25, 2025
  • Close-up view of flat, stacked corrugated boxes.
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    SafakOguz via Getty Images
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    Packaging manufacturers detail 2024 results

    Sonoco, Smurfit Westrock, Graphic Packaging International, Amcor and International Paper are among the major companies that have shared their 2024 results. Read what executives had to say.

    By Packaging Dive Staff • Feb. 24, 2025
  • Outside view of an office building with a sign for Cascades paper.
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    Courtesy of Cascades
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    Tariff uncertainty looms large for Cascades

    Tariffs could impact 15% of Cascades' revenues, so the company has devised plans to mitigate potential negative effects, executives said on Thursday’s earnings call.

    By Feb. 21, 2025
  • An array of metal tins with peel-back metal lids.
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    Courtesy of Eviosys
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    Sonoco turns M&A eye to ThermoSafe sale after Eviosys deal close

    M&A drove a “milestone” year in 2024, Sonoco executives said. But the Eviosys acquisition’s longer-than-expected approval timeline affected contract negotiations, said CEO Howard Coker.

    By Feb. 20, 2025
  • An industrial facility campus next to rail lines.
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    J. Michael Jones via Getty Images
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    Pactiv Evergreen settles for $6.25M over 2023 North Carolina mill closure

    The restitution amount is more than half of what Pactiv Evergreen received from the state in grants for the site. The company is “pleased to have resolved” matters related to the Canton mill, which it sold last month.

    By Feb. 19, 2025
  • An industrial campus located along a body of water.
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    The image by Ken Lund is licensed under CC BY-SA 2.0
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    Clearwater Paper eliminates 200 positions as part of cost-cutting plan

    The positions represent 10% of the company’s workforce. In 2025, Clearwater will work to broaden its product portfolio and improve operational performance, executives said.

    By Feb. 18, 2025
  • A wide shot of Sealed Air's exhibiting area on the show floor of Pack Expo International, with people and machinery throughout
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    Maria Rachal/Packaging Dive/Packaging Dive
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    Sealed Air ousts another CEO

    Patrick Kivits held the role for less than eight months. Sealed Air recently reorganized into food and protective packaging verticals.

    By Feb. 18, 2025
  • A closeup of the bottom of a corrugated box with International Paper's
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    Rachel Pollack/Packaging Dive
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    International Paper to close 4 facilities, affecting 674 employees

    The bulk of those jobs are at a Louisiana mill slated to cease operations by March 31, according to an additional securities filing from the company. It adds to more than 1,500 layoffs announced in late 2024.

    By Updated Feb. 13, 2025
  • An aerial, exterior view of an industrial campus.
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    Courtesy of TransPak
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    10 manufacturers invest millions in packaging, rPET expansions

    The lion’s share of recently announced investments will occur in the central United States, including for International Paper, Genpak, Eagle Flexible Packaging and Premier Packaging.

    By Feb. 13, 2025
  • A Smurfit WestRock banner hangs in front of the New York Stock Exchange
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    Courtesy of Smurfit WestRock
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    Smurfit Westrock balances closures, investments in ‘transformation’ year

    The company also is assessing the potential impacts of new tariffs and eyeing other pricing models, executives said.

    By Feb. 12, 2025
  • The tops of silver tabbed beverage cans
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    LordRunar via Getty Images
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    Metal packaging manufacturers raise red flags over new tariffs

    Both packaging and “consumer prices will go up” as manufacturers pass down increased costs, said Can Manufacturers Institute President Robert Budway.

    By Feb. 11, 2025
  • Close up of a person pouring beer from a can into beer glasses.
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    skynesher via Getty Images
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    Ball, Crown, O-I talk beverage market, 2025 consumer concerns

    Customers’ portfolio diversity, the spending strength of end consumers, and competition between glass and cans were discussion points during recent earnings calls.

    By Feb. 11, 2025