Article4 min read Sep 15, 2025PCA/Greif Deal Continues Industry Trend of ConsolidationPackaging Corporation of America's $1.8 billion acquisition of Greif's containerboard business marks a significant consolidation move in the North American packaging industry. The all-cash transaction includes two mills with 800,000 tons capacity, seven CorrChoice sheet feeder locations, and one box plant, positioning PCA as the third-largest containerboard producer. Industry veterans will appreciate the strategic synergies: $60 million in pre-tax benefits within two years through operational efficiencies, improved integration, and reduced transportation costs. Combined with International Paper's DS Smith acquisition and Smurfit Westrock's merger, these three deals represent $20 billion in M&A activity, creating enhanced market consolidation and potential pricing power for the top three companies controlling 65% of regional containerboard capacity.
Article1 min read Sep 11, 2025New Board Member: Dr. Thorben Finken will be the new Chief Financial Officer of Progroup AG New Board Member: Dr. Thorben Finken will be the new Chief Financial Officer of Progroup AGDr. Thorben Finken will be appointed to the Executive Board of Progroup on 1 October 2025. On 15 October 2025, he will take over the role of Chief Financial Officer from Dr. Volker Metz, who is leaving the company at the end of the year. Join TAPPI for full article...
Article1 min read Dec 12, 2024Lecta Announces the Spin-Off of Its Self-Adhesive BusinessLecta has announced the spin-off of its Self-Adhesives business unit from Torraspapel S.A.U. This spin-off will be effective as of January 1, 2025. It entails the creation of the new company Lecta Self-Adhesives España, S.L.U., which will take over all activities, agreements and commercial relationships relating to the Lecta's self-adhesives business, including all its self-adhesive products.
