The transaction is anticipated to close in the second quarter of 2025, pending foreign antitrust approvals and other customary conditions. Upon completion, Pactiv Evergreen will transition to a privately held company, delisting from Nasdaq.
U.S.-based International Paper is set to get EU approval for its 5.8 billion pound ($7.12 billion) purchase of UK rival DS Smith after agreeing to sell assets to address competition concerns, people with direct knowledge of the matter said on Tuesday.
On Monday, the state Department of Ecology announced it has fined the company $145,000 for 36 stormwater discharge violations, 15 monitoring requirements violations, and 16 reporting requirement violations, all of which occurred between July 2022 and May 2024.
Chinese tissue producer Hengan International Group started up a TADVISION tissue machine supplied by Toscotec at their headquarters facility in Fujian. This is the second of two TAD (Through-Air-Drying) machines that Toscotec supplied to Hengan, of which the first came online in 2023 at their Xiaogan mill in Hubei.
