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Some Corrugated and Containerboard History: Part One

continued from page 51

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.

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

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| Member FDIC | Equal Opportunity Lender

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

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continued on page 53

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