WestRock Company was announced today by MeadWestvaco Corporation and Rock-Tenn Company as the name for the new company when the two packaging leaders complete their previously announced combination. WestRock will trade on the New York Stock Exchange under the ticker symbol WRK.
Mike Harwood joined Pratt as a director with global responsibility for containerboard in 1995 and was named Deputy CEO three years later. During his tenure with Pratt, the company grew from the 46th biggest box producer in the nation to number 5.
Purtell was also among the original investors in Sussex-based Quad -- one of the biggest employers in Wisconsin, where Quad employs nearly 7,000 -- and he took an active role in strategy as a board member from its 1971 inception until his board retirement in 2005.
The Horizonte 2 Project consists in the construction of a new bleached eucalyptus pulp production line with capacity of 1.75 million tons per year and an estimated investment of US $2.5 billion. The start-up of the new production line is projected for the fourth quarter of 2017.
A minor fire at a Glatfelter mill had emergency crews on scene for approximately two hours Tuesday night.
Focusing on local markets, the new plant will meet the demand for cores used in foil and paper industries.
Sinar Mas Group, one of Indonesia's largest conglomerates, says the pulp and paper mill it plans to build in Ogan Komering Ilir, South Sumatra, will help Indonesia compete globally.
DuPont emerged from a bitter proxy war on Wednesday 13 May 2015 with its Board of Directors slate intact, as none of activist investor Nelson Peltz's four nominees won a seat.
The 57-employees at Georgia-Pacific's Parchment facility were notified Friday that the plant will be closing by the end of the year, and its work consolidated at plants in Wisconsin and Mississippi.
The new forestland program aims to protect as much as 1 million acres of responsibly managed working forests which provide fiber for pulp, paper and wood products.
A small fire outside the KapStone paper mill in North Charleston, South Carolina on Tuesday afternoon, 5 May 2015, has been contained, authorities said.
KapStone Paper and Packaging Corporation and Victory Packaging/Golden State Container jointly announced 5 May 2015 that they have signed an agreement for KapStone to acquire the assets of Victory Packaging in a cash-free, debt-free transaction for $615 million in cash, subject to post-closing adjustments.
Green Bay Packaging Inc. announced that is has acquired Baird Display, a Wisconsin Corporation. The acquisition was effective 30 April 30, 2015 and terms of the deal were not disclosed, the company said.
AkzoNobel has finalized the €153 million divestment of its global paper chemicals business to Kemira. The deal was first announced in July 2014.
Metsä Board Zanders GmbH contains the business operations of Gohrsmühle mill located in Bergisch Gladbach, Germany. Gohrsmühle mill has approximately 480 employees and its main products are cast coated and label papers.
MeadWestvaco Corporation announced on 30 April 2015 the completion of the previously announced sale of its European-based tobacco folding carton business to AR Packaging Group AB.
The parties have now signed a settlement agreement and will withdraw the case from arbitration. The settlement agreement results in a USD 44 million (EUR 40 million) cash payment to be made by Montes del Plata of which Stora Enso's share is 50%.
The headquarters will accommodate 120 employees supporting a variety of corporate functions for the specialty chemicals company, which was previously known as Ashland Water Technologies.
In the US, Kimberly-Clark Professional is launching a range of tissues and towels incorporating wheat straw and bamboo. The company says it aims to provide a rapidly renewable source of fiber for its pulp mill and environmentally friendly products aimed at its commercial customers.
Quad/Graphics worker died in an industrial accident Friday morning, 24 April 2015, in southeast Oklahoma City, police reported.
In a lawsuit filed in federal court in Atlanta, Georgia-Pacific says the packaging of its Angel Soft toilet paper has been blatantly imitated by Aldi for Aldi's SoftTouch toilet paper, particularly the color of the label, images of clouds, a picture of a baby and the use of the word "soft."
The kindness of strangers is gratefully received by the recipient, but the doing of kind deeds is also a great teaching moment for young people.
According to a statement from International Paper to Paperitalo Publications on Thursday, "At approximately 8:45 a.m. yesterday (Wednesday) morning, an employee of Southern Environmental, a mill contractor, was involved in an electrical incident in the Orange Mill. He was treated at the University of Texas Medical Branch (UTMB) in Galveston, Texas and released today."
Three people were injured and taken to the hospital after an accident at International Paper's Riegelwood mill Wednesday morning.
Smurfit Kappa announced this week that it has agreed a deal to sell its solidboard and graphicboard operations in the Netherlands, Belgium and the UK to the Aurelius Group.
Metsä Fibre says it has made the decision to build a bioproduct mill in Äänekoski, Finland in the area of the existing pulp mill.
No one was injured when a fire erupted inside a debarking machine at Glatfelter paper company on Monday.
Orchids Paper Products Company plans to build an integrated manufacturing site in Barnwell, South Carolina. The project will include a tissue paper machine with paper making capacity between 35,000 and 40,000 tons per year and two converting lines with converting capacity between 30,000 and 32,000 tons per year, which are capable of producing value through ultra-premium grades of tissue products.
The Georgia-Pacific plant in Big Island is undergoing about $50 million in improvements with its biggest expense being an upgrade to its pulp mill.
No cause has been determined yet for the paper machine fire that broke out at the Catalyst paper mill late in the evening on Thursday, 16 April 2015, in Port Alberni.
For the second time in seven months, a massive fire broke out at the Norampac/Greenpac mill.
Sonoco is building a $12 million research and development showcase at its headquarters and investing an additional $40 million in facilities in Franklin, Ohio, Waco, Texas, and Malaysia that would increase its production capabilities, the company announced Wednesday.
Inspirepac is a private company with 279 employees, and operates two packaging plants and a further two erecting plants in the North of England.
RockTenn announced this week that its Nicholasville, Kentucky, folding carton team set two world records. The team earned the first record by printing more than 9 million sheets in one month, and the second by printing more than 357,000 sheets in one day.
Company chairman and owner Anthony Pratt said the acquisition would also help integrate his American and Australian holdings.
Pratt Industries broke ground this week on its new $52 million corrugated box factory in Beloit, Wisconsin. The 350,000 sq. ft. facility, due for start-up in early 2016, will sit on a 56-acre site and produce 600 tons of recycled boxes a day at capacity. It will also eventually provide 140 full-time jobs - as well as approximately 200 during construction.
Firefighters arrived at a blaze reported Wednesday morning at the Expera Old Town mill to find the flames were extinguished by employees, company spokeswoman Addie Teeters said in an email.
A US paper-manufacturing giant is reportedly weighing a £6bn-plus takeover bid for Ireland's Smurfit Kappa as a wave of global deals fueled by cheap debt continues to gather pace.
Construction of the mill and associated infrastructure is progressing, and the production of tissue paper is scheduled to begin in the second half of 2015.
The facility will mean the creation of at least 10 new jobs, initially, and could produce as many as 40 jobs within the next five to 10 years as new products are developed.
WWF France and Rougier Group announced that they will work together in a three-year strategic collaboration that focuses on advancing sustainable forestry in Africa and responsible supply chains in Europe.
Mondi bought the mill in 2008 and decided to close part of its production capacity last year. The mill makes speciality papers for packaging, food services, the hygiene and medical industries.
The company said that this innovative new process - a Canadian first - is used to extract hemicellulose, a cellulosic sugar with high value-added potential, from wood chips.
Amcor Limited says it has agreed to buy a tobacco packaging company in Brazil for A $39 million.
Solenis Chemicals India Private Limited has completed the acquisition of Connell Bros. Company (India) Private Limited, a specialty chemical company dedicated to the pulp and paper market in India.
Two of the country's largest unions in the pulp and paper sector have agreed to work jointly in the next round of pulp and paper bargaining in Western Canada. Unifor and the Pulp, Paper, and Woodworkers of Canada (PPWC) met in Vancouver last week to re-establish the Joint Pulp and Paper Caucus for the upcoming negotiations in 2017.
June fire was caused by a mechanical failure
By closing the facility, Cascades said it is withdrawing from the Kraft paper sector definitively
The deal is expected to close in the first quarter of next year
“As a result of this transaction, we have received approximately $700 million in cash proceeds and retired over $1.9 billion worth of the company’s shares,” said Doyle Simons, president and CEO of Weyerhaeuser, in a statement.
Multiprint specializes in Pressure Sensitive Beverage labels for Ireland and the UK. Multi-Color Corporation said that Multiprint Labels has common markets, technologies and supply chain with MCC's Glasgow UK operation.
Newark is a manufacturer of recycled paperboard, linerboard, industrial tubes, cores and other converted product including book covers and packaging solutions
According to Atlas Paper Mills, Accurate Paper is the largest independent commercial recycling facility in central Florida, providing bales of assorted recovered paper grades to paper making facilities located throughout the Southeast
The purchase price of $72 million, comprised of $64 million for the business and $8 million related to future cash tax benefits, was financed through cash on hand
Download Audio File of the June 2014 Nip Impressions columns.
Combined company, Veritiv Corporation, trades on NYSE
Cascades Inc. announced this week that it has reached an agreement with Rolland Enterprises Inc., a subsidiary of H.I.G. Capital. for the sale of its fine papers activities for $39.5 million
Stora Enso announced this week that it is postponing the reorganization of its Renewable Packaging Division that was announced on 21 March 2014 and was originally intended to be implemented as of 1 July 2014
Rayonier Inc. and Rayonier Advanced Materials Inc. are now separate independent companies
The Multi-Wall Bag plants and the kraft mill had trailing twelve month revenue of approximately $437 million and under the terms of the agreement, the enterprise value is $105 million and the sale was an all cash transaction.
Don't feel badly if you have trouble dealing with your iPhone or tablet. Instead, surround yourself with friends who are good at it and they will help you through it. And if you are a grandparent, tell your kids you want invitations to activities but not to get concerned if you occasionally decline.
Virdia is a developer of extraction and separation technologies for conversion of cellulosic biomass into highly refined sugars and lignin
Performance BioFilaments will work to develop commercial applications for cellulose filaments, a new source of sustainable biomaterial made from wood fiber that can improve the strength and durability of many commercial and consumer products found on the market today
The operation will add a second advanced corrugator by mid-2015
Virginia governor says 2,000 jobs could be created
SPG has operations in Green Bay, Wisconsin; Hattiesburg, Mississippi; and Augusta, Georgia
Verso achieves early compliance with NYSE continued listing standard
American Industrial Acquisition Corporation buys Netherlands facility
A new wood-chip plant will be constructed and one of the mill’s two pulp lines will be upgraded
Rentech subsidiaries sign long-term processing agreement with Astex Ltda., a Mitsubishi Corporation subsidiary
Earlier decision reversed
IRS confirms tax-free status of spin-off
Operations are expected to resume in approximately 30 days following blaze
Georgia-Pacific currently operates three facilities in Louisiana, in addition to a wood and supply office at Port Hudson
Fred Dzida brings 35 years of forest industry experience to his new role
Solar power plant to supply the Cascades units in Kingsey Falls
Appvion's paper division consists of the company's thermal, carbonless, security and specialty products businesses
Verso to locate Ohio operations center in Miamisburg following completion of pending NewPage acquisition
Verso West Chester office will close; Verso's corporate headquarters will remain in Memphis, Tenn.
Neenah Paper announces it will acquire the Massachusetts-based technical materials division from Crane & Co. for $72 million
The Multi-Wall Bag plants and the kraft mill had trailing twelve month revenue of approximately $437 million and under the terms of the agreement, the enterprise value is $105 million and the sale will be an all cash transaction.
Current CEO Faraci set to retire next year
ASG, a leading global specialty-packaging manufacturer, announced it has acquired the Bydgoszcz, Poland-based beauty and personal care folding carton business of MeadWestvaco Corporation.
Download Audio File of the May 2014 Nip Impressions columns.
When the expansion is completed, the Fort Smith plant is expected to employ more than 350 people
Georgia Tech’s Institute of Paper Science and Technology will be renamed Renewable Bioproducts Institute
Georgia Institute of Technology announces that the Institute of Paper Science and Technology (IPST), is being renamed the Renewable Bioproducts Institute (RBI) effective June 1, 2014.
Board of directors nixed new approach from Weir Group
Board approves distribution of Rayonier Advanced Materials stock
The combination of Benson Group and Graphic Packaging's existing European businesses is expected to greatly enhance Graphic Packaging's folding carton business in Europe, with sales in excess of $700 million
The new company, Weyerhaeuser Real Estate Co., will combine with a subsidiary of TRI Pointe Homes Inc.
Facility will provide point-of-purchase displays and fulfillment services
Leading distribution solutions company to be named Veritiv following completion of merger of xpedx and Unisource
xpedx, a business of International Paper and Unisource Worldwide, Inc., announced this week that they have chosen the name Veritiv for the leading distribution solutions company that will be created upon completion of their merger
I am so tired of crazy TV ads. Over half (by my unofficial count) are for prescription drugs. Some ads are entertaining, but not these...
Rebuild will last 12 weeks; project expected to start up in 2016
Carson & Gebel Ribbon Co., LLC is a manufacturer and supplier of decorative ribbon to wholesale florists, packaging distributors and bow manufacturers
In 2013, the mill produced 465,000 tons on two paper machines and two pulp dryers that made various paper grades including containerboard, specialty kraft paper and pulp
Company acquires signage solutions provider True Colours Graphic Reproduction Ltd.
Company confirms plans for deal with TRI Pointe, says it will focus on its timber and paper products business