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MWV splits up its packaging and specialty chemicals businesses

2015-01-12 21:36:21| Industrial Machines - Topix.net

MeadWestvaco , a leading player in personal care packaging, says it will move ahead with plans to divide its packaging business up from its specialty chemicals operations. Starboard Value executives had openly criticized MWV in June last year, claiming the business was run to a "conglomerate structure" that resulted in a disconnected businesses with limited synergies.

Tags: businesses specialty packaging chemicals

 

MWV splits up its packaging and specialty chemicals businesses

2015-01-12 21:25:30| Paper - Topix.net

MeadWestvaco , a leading player in personal care packaging, says it will move ahead with plans to divide its packaging business up from its specialty chemicals operations. Starboard Value executives had openly criticized MWV in June last year, claiming the business was run to a "conglomerate structure" that resulted in a disconnected businesses with limited synergies.

Tags: businesses specialty packaging chemicals

 
 

MWV to Spin-off Its Specialty Chemicals Business

2015-01-09 10:58:31| Paper - Topix.net

Jan. 8, 2015 - MeadWestvaco announced today that its board of directors has approved a plan to fully separate its Specialty Chemicals business from the rest of the company. The separation is expected to be executed by means of a tax-free spinoff of the Specialty Chemicals business to MWV shareholders, resulting in two independent, publicly traded companies.

Tags: business specialty chemicals spinoff

 

Verso acquires specialty paper producer NewPage for $1.4bn

2015-01-09 01:00:00| Packaging Gateway

US-based Verso Corporation has acquired NewPage for $1.4bn.

Tags: paper specialty producer verso

 

MeadWestvaco plans to spin off specialty chemicals business

2015-01-08 14:46:34| Industrial Machines - Topix.net

"The separation of specialty chemicals will establish two strong companies that are better positioned to compete and profitably grow in their targeted markets," Chairman and CEO John A. Luke Jr. said in a statement on Thursday. MeadWestvaco also provides packaging for brands in the health care, beauty and personal care, food, beverage, home and garden, tobacco and agricultural industries.

Tags: business plans specialty spin

 

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