Finance: Page 2
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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 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 -
Ardagh Glass closing Illinois plant, affecting 316 employees
The suburban Chicago plant closure comes after two other permanent shutdowns in recent months, which impacted nearly 500 jobs.
By Katie Pyzyk • Updated Feb. 6, 2025 -
Graphic Packaging ‘very pleased’ with customer response to third-party pricing index exit
The company anticipates little impact from new tariffs, executives said. Plus, they updated progress on the recycled paperboard mill expected to open in Waco, Texas, this year.
By Katie Pyzyk • Feb. 5, 2025 -
Amcor feels pain from healthcare destocking, says Berry deal on track
Volumes were up for Amcor, but lingering healthcare destocking and weaker beverage demand in North America presented headwinds. Separately, Berry disclosed that the sale of its tape business to private equity closed in February.
By Maria Rachal • Feb. 4, 2025 -
International Paper completes acquisition of DS Smith
The new IP is among the largest packaging companies in the world. The nearly yearlong journey to close the deal was convoluted at times, including competing interest from Mondi and Suzano.
By Katie Pyzyk • Jan. 31, 2025 -
Dow plans 1,500 layoffs in $1B savings plan
The cost-cutting announcement follows a 6% sales decline in the company’s packaging and specialty plastics segment.
By Sara Samora • Jan. 31, 2025 -
The packaging industry outlook for 2025
The evolution of packaging EPR, potential for more industry-reshaping megadeals, shifting attitudes on plastics and sustainability goals, and Trump’s mark on trade and federal funding are dynamic areas to watch.
By Packaging Dive Staff • Jan. 31, 2025 -
Layoffs, closures announced by Dow, Orbis, Greif in January
Packaging Corporation of America and RR Donnelley also gave notice of upcoming packaging-related closures and layoffs.
By Maria Rachal • Jan. 31, 2025 -
International Paper details new box plant as part of turnaround strategy
“The goal is, over the next few years, to completely reconfigure our box plant network,” said CEO Andy Silvernail. Executives also discussed IP's acquisition of a bulk plant in Louisiana and finalization of the DS Smith takeover.
By Katie Pyzyk • Jan. 30, 2025 -
Deep Dive
Where is packaging industry consolidation likely in 2025? Experts weigh in.
Niche packaging sectors are considered ripe for growth and M&A. Analysts also weigh in on the influence of the Trump administration and whether the megadeal trend will continue in 2025.
By Katie Pyzyk • Jan. 30, 2025 -
PCA ‘frustrated’ with pricing index, plans to stop using it
Packaging Corporation of America plans to exit Fastmarkets RISI’s index and “unwind” customer contracts tied to it, executives said. They also discussed a new box plant under construction in Ohio.
By Katie Pyzyk • Jan. 29, 2025 -
Greif announces 2 closures, affecting 140 jobs
One paperboard machine in Georgia and one containerboard mill in Massachusetts will shut down permanently by this spring.
By Katie Pyzyk • Jan. 29, 2025 -
European Commission requires 5 divestitures for IP-DS Smith deal
International Paper agreed to sell plants in three countries to gain approval. The acquisition is slated to close Jan. 31.
By Katie Pyzyk • Jan. 24, 2025 -
Sprouts accused of falsely labeling private label table ware as ‘compostable’
A class action lawsuit claims the grocer and manufacturer marked the products as compostable despite containing “forever chemicals.”
By Peyton Bigora • Jan. 23, 2025 -
Déjà vu? Fiber pricing stays flat despite producer increases.
Producers’ first containerboard and boxboard price increases for 2025 are turning out much like their first attempt in 2024: with little to no movement. But that’s expected to change in the coming weeks.
By Katie Pyzyk • Jan. 22, 2025 -
Trump orders trade review ahead of potential tariffs
Federal agencies have until April 1 to give recommendations on trade pacts with Mexico, Canada and China. President Trump also said certain tariffs on Mexico and Canada could begin by Feb. 1.
By Philip Neuffer • Jan. 21, 2025 -
8 US packaging manufacturing developments to know in the new year
Nelipak, TerraSafe and Global Packaging Solutions all expanded in North Carolina. Catch up on growth news in Florida, Illinois, Maine, Pennsylvania and Texas.
By Maria Rachal • Jan. 15, 2025 -
PCA to close Georgia corrugated plant, affecting 103 people
Packaging Corporation of America determined it could better serve customers by moving the Atlanta-area full-line plant’s capacity to other locations, according to a spokesperson.
By Katie Pyzyk • Jan. 13, 2025 -
Huhtamaki names new CEO
Ralf Wunderlich will take over the position this month. He has decades of experience at packaging companies.
By Katie Pyzyk • Jan. 8, 2025 -
5 packaging industry trends to watch in 2025
Donald Trump’s return to the White House, evolving conditions for M&A, more mature state policy negotiations and a reckoning around 2025 plastics reduction targets are some of the factors poised to affect the industry.
By Maria Rachal , Katie Pyzyk , Cole Rosengren • Jan. 8, 2025 -
Acquisition of DS Smith
International Paper agrees to European concessions for DS Smith deal
IP’s limited footprint overlap with DS Smith previously led analysts to anticipate few or no antitrust concerns. But recent deals might have prompted regulators to alter their views of market concentration, according to The Freedonia Group.
By Katie Pyzyk • Jan. 6, 2025 -
Sonoco shakes up finance leadership amid business reorganization
CFO Rob Dillard and VP of Investor Relations Lisa Weeks are leaving the company. Also on Monday, CEO Howard Coker described Sonoco’s decision to combine its converted paper products and paper businesses in North America.
By Maria Rachal • Jan. 6, 2025 -
Deep Dive
2024 packaging trends by the numbers
These are some of the stats illustrating key storylines this year in policy and regulation, M&A activity, manufacturing, pricing, recycling, sustainability goals and more.
By Katie Pyzyk , Maria Rachal • Dec. 20, 2024 -
Toppan to buy Sonoco’s thermoformed and flexibles business for $1.8B
The transaction accelerates Sonoco’s portfolio simplification during a year of change for the company. Toppan first expanded into the U.S. from Japan with a film production facility in Georgia.
By Katie Pyzyk • Dec. 18, 2024