- In October 2024, Mondi Group announced the acquisition of Schumacher Packaging’s corrugated converting and solid board operations across Germany, Benelux, and the UK. This strategic move significantly enhances Mondi’s corrugated packaging footprint in Western Europe, square meters of capacity and integrating seven corrugated plants, two solid board mills, and four converting sites. The acquisition strengthens Mondi’s ability to serve the e-commerce and FMCG sectors with sustainable, fiber-based packaging solutions. It also supports Mondi’s strategy of vertical integration, operational efficiency, and innovation in eco-friendly packaging
- In May 2024, WestRock partnered with Liberty Coca-Cola Beverages to introduce a renewable paperboard ring multipack system, replacing traditional plastic rings used in bottled beverage packaging. The collaboration centers on PETCollar™ Shield Plus, a durable, recyclable paperboard carrier designed to reduce plastic waste while maintaining product integrity and consumer convenience. Installed at Liberty’s Philadelphia facility, the system is projected to eliminate 200,000 pounds of plastic annually across its multi-state distribution network. This initiative underscores both companies’ commitment to sustainability, advancing the shift toward eco-friendly packaging solutions in the beverage industry
- In April 2024, International Paper finalized a USD 7.2 billion all-share acquisition of a 66.3% stake in UK-based DS Smith, creating a global leader in sustainable fiber-based packaging solutions. The deal combines DS Smith’s strong European footprint with International Paper’s North American dominance, expanding the company’s reach across two of the most attractive packaging markets. The merger is expected to generate over USD 500 million in synergies, enhance vertical integration, and offer customers a broader portfolio of eco-friendly packaging options. This move reflects the ongoing consolidation trend in the packaging industry, as companies seek scale, innovation, and sustainability leadership
- In January 2024, WestRock Company announced plans to build a state-of-the-art corrugated box manufacturing facility in Pleasant Prairie, Wisconsin, with an estimated investment of $140 million. The new plant will feature advanced automation, enhanced digital capabilities, and sustainability-focused technologies to reduce energy consumption and manufacturing waste. Once operational in 2025, it will replace the company’s existing North Chicago facility, aligning with WestRock’s strategy to modernize operations, improve cost efficiency, and better serve customers in the Great Lakes region. This move underscores the company’s commitment to innovation and long-term growth in the packaging sector
- In November 2023, Velvin Group, a prominent Indian producer of sustainable paper-based packaging, entered a strategic joint venture with Rengo Co., Ltd., a global leader in corrugated packaging based in Japan. The partnership led to the formation of Velvin Rengo Containers Private Limited, with Rengo acquiring a 30% equity stake. Together, they are establishing a new corrugation unit in Cheyyar, Tamil Nadu, strategically located to serve the growing demand for eco-friendly corrugated packaging in India. Partial operations at the facility were scheduled to commence in March 2024, marking a significant step in expanding both companies’ market reach and innovation capabilities
