News
Smurfit-Stone divests

Smurfit-Stone Container Corporation is selling its entire consumer packaging asset portfolio to a company formed by…

Smurfit-Stone Container Corporation is selling its entire consumer packaging asset portfolio to a company formed by Texas Pacific Group.

Included in the $1.04 billion transaction are four coated recycled boxboard mills, 39 consumer packaging converting operations in the U.S., and one consumer packaging converting plant in Brampton, ON.

Smurfit-Stone plans to use the bulk of the proceeds from the sale to reduce its debt.