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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
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Providing equipment financing to the corrugated
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•
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•
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continued on page 53
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