Cascades announced a $100 million target for additional divestitures by mid‑2026 as it exits honeycomb and partition packaging segments and shuts three plants. The company sold its Richmond corrugated plant for $69 million, boosting cash flow and helping meet its $120 million asset‑sale goal. Q4 sales slipped 3.3% year‑over‑year, but operating income surged 147% to $235 million and debt leverage improved to 3.3×. Management expects first‑quarter earnings to rise year‑over‑year despite seasonal and weather headwinds.
International Paper announced it will separate into two independent companies—one focused on North America and the other on Europe—after CEO Andy Silvernail highlighted regional strengths at the BofA 2026 Global Agriculture and Materials Conference. The split follows the $1.5 billion sale...
Sealed Air shareholders voted to approve a $6.2 billion takeover by private‑equity firm Clayton, Dubilier & Rice (CD&R). The European Commission recently cleared the deal, finding no competition concerns, allowing the transaction to move toward closing pending final regulatory sign‑offs. The...