AICC Boxscore 2013

Some Corrugated and Containerboard History: Part One continued from page 51

Box USA: In April 2004, International Paper announced it had agreed to acquire Box USA Holdings, Inc., one of America’s leading corrugated packaging companies. MacMillan Bloedel: In June 1999, Weyerhaeuser announced its intention to buy MacMillan Bloedel Limited of Canada for stock valued at about US$2.45 billion. The merger made Weyerhaeuser, which at that time was already the world’s largest producer of softwood lumber and marketpulp, a leader in packaging as well. Union Camp: In 1999, the Union Camp Corporation was acquired by International

MARCOR maintained separate management for the operations of each company, but had a joint board of directors. In 1986, Mobil Corporation, which had bought MARCOR in the early 1970s, sold the CCA company to the Jefferson Smurfit Corporation, which later merged with the Stone Container Corporation in 1998 to become part of the Smurfit-Stone Container Corporation. CCA was a wholly owned subsidiary of the Smurfit-Stone Container Corporation. Wabash/Weston Paper: Also added in 1998 by International Paper was Weston Paper and Manufacturing Company, acquired through a stock deal valued at $232 million. Based in Terre Haute, Indiana, Weston operated 11 corrugated-container plants in the South and Midwest including

a medium mill located at its headquarters’ site. Mead: MeadWestvaco was formed in January 2002 as the result of a merger between The Mead Corporation of Dayton, Ohio, and Westvaco (originally the Piedmont Pulp and Paper Company and then The West Virginia Pulp and Paper Company). In 2005, the Papers business unit— including both Mead and Westvaco paper mills—was sold to the investment firm Cerberus Capital Management for about $2.3 billion. The new company is called NewPage Corporation. In 2008, MeadWestvaco sold its Charleston, SC kraft paper mill to Kapstone Paper and Packaging and its Stevenson, AL medium mill to Smurfit Stone, now Rock-Tenn.

continued on page 53

Know-how makes your business, our business.

Providing equipment financing to the corrugated industry for over 15 years.

ContaCt me today. Kevin Hartney 203-591-2703 • Kevin.Hartney@peoples.com At People’s Capital and Leasing Corp., we offer: • Capital access for new/used equipment • Corrugated industry expertise • Comprehensive financial resources Our industry knowledge and understanding of your business can give you an edge in the marketplace.

©2012 People’s United Bank | Member FDIC | Equal Opportunity Lender

52

BOX SCORE