Finance: Page 2


  • 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
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    Ratchapon Supprasert via Getty Images
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    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 Updated Feb. 6, 2025
  • Two sizes of McDonald's McFlurry ice cream treat in cups with four flaps at the top.
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    Courtesy of McDonald's
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    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 Feb. 5, 2025
  • Side view of a semi-truck with the Amcor logo and the phrase "Creating a new world of packaging"
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    Courtesy of Amcor
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    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 Feb. 4, 2025
  • International Paper's new logo.
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    Courtesy of International Paper/Cision
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    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 Jan. 31, 2025
  • A corporate building with glass windows and a red and white Dow logo sign on top right corner.
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    Courtesy of Dow Inc.
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    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
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    jittawit.21 via Getty Images
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    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
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    alvarez via Getty Images
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    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 Jan. 31, 2025
  • International Paper's new logo.
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    Courtesy of International Paper/Cision
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    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 Jan. 30, 2025
  • A variety of paper, plastic, glass and metal packaging on green artificial turf.
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    Nuclear_lily via Getty Images
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    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 Jan. 30, 2025
  • A sign outside a building says Packaging Corporation of America.
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    JHVEPhoto via Getty Images
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    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 Jan. 29, 2025
  • A roll of paperboard in an industrial facility.
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    Foto-Video-Studio via Getty Images
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    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 Jan. 29, 2025
  • EU flags in front of the Berlaymont building, headquarters of the European Commission in Brussels, Belgium.
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    Alxpin via Getty Images
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    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 Jan. 24, 2025
  • Interior of Manassas, Virginia, Sprouts
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    Peyton Bigora/Packaging Dive
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    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
  • Sheets of cardboard get folded and stacked by industrial equipment on a manufacturing line.
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    sergeyryzhov via Getty Images
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    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 Jan. 22, 2025
  • President Donald Trump signs an executive order in the Oval Office in Washington, D.C., on Jan. 20, 2025.
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    Anna Moneymaker via Getty Images
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    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
  • Paul Wiebel Sr., Bob Wiebel, and Paul Wiebel Jr. shovel dirt on the Milford, Pennsylvania, site of an Econo-Pak facility expansion ceremony.
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    Courtesy of Econo-Pak
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    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 Jan. 15, 2025
  • A sign outside a building says Packaging Corporation of America.
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    JHVEPhoto via Getty Images
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    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 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 Jan. 8, 2025
  • rolls of cardboard
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    lucop via Getty Images
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    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 , , Jan. 8, 2025
  • Blue and yellow flags bearing the European Commission logo fly in front of a building.
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    Carl Court via Getty Images
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    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 Jan. 6, 2025
  • Sonoco EnviroFlex pouch
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    Courtesy of Sonoco
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    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 Jan. 6, 2025
  • person bends over and picks up a stack of packages from a porch step
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    SDI Productions via Getty Images
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    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 , Dec. 20, 2024
  • The Toppan Holdings headquarters in Tokyo.
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    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 Dec. 18, 2024