Finance
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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 Katie Pyzyk • March 24, 2025 -
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 Maria Rachal • Updated March 21, 2025 -
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 Maria Rachal • March 18, 2025 -
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 -
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 Katie Pyzyk • March 5, 2025 -
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 Maria Rachal • Updated March 5, 2025 -
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 Katie Pyzyk • March 4, 2025 -
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 Katie Pyzyk • Feb. 28, 2025 -
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 Maria Rachal • Feb. 28, 2025 -
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 Katie Pyzyk • Updated March 19, 2025 -
Retrieved from Packaging Corporation of America on February 27, 2025
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 Katie Pyzyk • Feb. 27, 2025 -
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 Maria Rachal • Feb. 26, 2025 -
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 Maria Rachal • Feb. 25, 2025 -
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 Katie Pyzyk • Feb. 25, 2025 -
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 -
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 Katie Pyzyk • Feb. 21, 2025 -
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 Katie Pyzyk • Feb. 20, 2025 -
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 Katie Pyzyk • Feb. 19, 2025 -
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 Katie Pyzyk • Feb. 18, 2025 -
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 Maria Rachal • Feb. 18, 2025 -
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 Katie Pyzyk • Updated Feb. 13, 2025 -
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 Katie Pyzyk • Feb. 13, 2025 -
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 Katie Pyzyk • Feb. 12, 2025 -
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 Katie Pyzyk • Feb. 11, 2025 -
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 Maria Rachal • Feb. 11, 2025