Smurfit Stone Container
| Smurfit-Stone Container Corporation | |
|---|---|
| legal form | Corporation |
| founding | 1998 |
| resolution | 2011 |
| Reason for dissolution | fusion |
| Seat |
Creve Coeur , United States
|
| management |
|
| Branch | Packaging, recycling |
| Website | www.smurfit-stone.com |
The Smurfit-Stone Container Corporation (SSCC) was an American company in the packaging industry . The company was one of the largest cardboard packaging manufacturers in the world, the market leader in North America (USA and Canada) and one of the world's largest recycling companies. The NASDAQ -listed company has its headquarters in Creve Coeur, Missouri and Chicago . After bankruptcy in 2009, SSCC is part of the WestRock Company .
history
The company was formed on November 18, 1998 from the merger of the St. Louis- based Jefferson Smurfit Corporation (JSC), founded in 1974 - a subsidiary of the Irish Jefferson Smurfit Group plc - with the Chicago- based Stone Container Corporation, founded in 1926 .
In May 2000, the Montreal (Canada) based St. Laurent Paperboard Inc. was taken over, in September 2002 the MeadWestvaco's Stevenson paper mill in Stevenson (Alabama) . In March 2003, Smurfit-Stone acquired the remaining shares in Smurfit-MBI, giving up the European production facilities.
From the merger of the Jefferson Smurfit Group with Kappa Packaging , the Smurfit Kappa Group , the largest corrugated cardboard manufacturer in Europe , emerged at the end of 2005 . Smurfit Kappa Group is owned by investment firms Madison Dearborn Partners , Cinven Limited, CVC Capital Partners and members of management.
After The Wall Street Journal reported on a possible bankruptcy in mid-January 2009 , Smurfit Stone filed for bankruptcy protection at the US Bankruptcy Court in Wilmington (Delaware) on January 26, 2009 to reorganize the company under Chapter 11 .
In 2011, the shareholders of both companies approved the acquisition of Smurfit-Stone Container Corp. by the US cardboard and packaging manufacturer Rock-Tenn Co. , which merged with MeadWestvaco (MWV) to form WestRock in 2015 .
Structure and key figures
Smurfit-Stone's business areas include the production of corrugated cardboard packaging, cardboard sales displays, the operation of paper mills, the manufacture of packaging machines, the development of RFID solutions and the recycling of waste paper and other materials.
In 2005, the company generated annual sales of 8.4 billion US dollars and employs around 27,000 people and was one of the largest cardboard -Verpackungshersteller the world market leader in North America (USA and Canada) and one of the largest recycling -Unternehmen.
Individual evidence
- ↑ Jeffrey McCracken, Ilan Brat: Smurfit Says Bankruptcy Is Possible Amid Crunch. In: The Wall Street Journal . January 15, 2009, accessed August 21, 2016 .
- ^ Smurfit-Stone Falls as Bankruptcy Filing Seen Likely. Bloomberg LP , January 27, 2009, accessed August 21, 2016 .
- ↑ Smurfit-Store Container Chapter 11 Petition. (PDF) PacerMonitor, accessed on August 21, 2016 .
- ↑ Tim Bryan: Rock-Tenn, Smurfit-Stone shareholders agree to merger. St. Louis Post, May 28, 2011, accessed August 21, 2016 .
- ^ Phil W. Hudson: Rock-Tenn, MeadWestvaco to become WestRock following merger. In: Atlanta Business Chronicle. May 18, 2015, accessed August 21, 2016 .
- ^ Smurfit-Stone Container Corporation. In: International Directory of Company Histories. Thomson Gale, 2007, accessed August 21, 2016 .