MeadWestvaco

MeadWestvaco Corporation, commonly identified by the MWV brand from 2008 onward, was an American packaging and specialty materials company headquartered in Richmond, Virginia. It was created in January 2002 through the merger of The Mead Corporation of Dayton, Ohio, and Westvaco, combining long-established paper, paperboard, packaging, forestry, and chemical businesses. The resulting company served consumer, healthcare, food, beverage, media, office-products, and industrial customers. The company operated approximately 153 manufacturing, operating, and office locations in about 30 countries and served customers in more than 100 countries. Its portfolio included coated and specialty paperboard, folding cartons, rigid packaging, dispensing and pharmaceutical packaging, specialty papers, consumer and office products, and specialty chemicals. Important brand names associated with its packaging and paperboard activities included Carrier Kote, Custom Kote, Printkote, Tango, Digipak, Amaray, Dosepak, and Vision. It also managed more than three million acres of forestland and promoted certification and sustainability practices through the Sustainable Forestry Initiative and other environmental programs. MeadWestvaco was the product of companies with roots reaching back to the nineteenth century. Mead traces its origins to Ells, Claflin & Co., established in 1846, while Westvaco's predecessor, Piedmont Pulp & Paper Co., was founded in 1888. Before the merger, Mead had expanded beyond paper into school supplies, information services, furniture, rubber, and other businesses. Its purchase of Data Corporation in 1968 led to Mead Data Central and the development of the LEXIS legal research system, which was later sold to Reed Elsevier as LexisNexis in 1994. Following the 2002 merger, MeadWestvaco reshaped its portfolio. In 2005, its Papers business was sold to funds managed by Cerberus Capital Management, creating NewPage Corporation. Other divestitures included the Charleston, South Carolina kraft paper mill in 2008, the Envelope Products Business in 2011, and Mead's office-products business, acquired by ACCO Brands in 2012. These transactions reflected a strategy increasingly focused on packaging and specialty chemicals rather than a broad paper and office-products conglomerate. In 2008 the company announced that it would use MWV as its market-facing brand, while retaining MeadWestvaco Corporation as its legal name. In January 2015, MeadWestvaco and RockTenn announced an agreement to combine in a transaction described as creating an approximately $16 billion packaging company. The combined business became WestRock, and MeadWestvaco ceased to operate as an independent public company after the transaction. The brand is therefore historically significant as a predecessor to WestRock rather than as an active standalone company.

MeadWestvaco's history combines the development of two American paper companies and their later transformation into a global packaging enterprise. The Mead lineage began in 1846 as Ells, Claflin & Co. The business changed names several times before becoming The Mead Paper Company in 1881. Its acquisition of the Ingham Mill in Chillicothe, Ohio, in 1890 created a two-mill operation, and milling activity later shifted from Dayton to Chillicothe. Mead expanded its corporate structure during the early twentieth century, establishing Mead Fibre Company in 1920, Mead Sales Company in 1921, Mead Paperboard Corporation in 1928, and consolidating the family of businesses under The Mead Corporation in 1930. Westvaco's predecessor, Piedmont Pulp & Paper Co., was founded in 1888. During the 1930s and 1940s, Mead acquired or combined with several mills and paper companies, including operations in Philadelphia, Brunswick, Georgia, and Escanaba. Mead became publicly listed on the New York Stock Exchange in 1935. Further acquisitions in the 1950s included Chillicothe Paper Company, Jackson Box Company, and Cleveland Paper, a merchant-paper distributor. Mead diversified significantly after the middle of the twentieth century. In 1966 it acquired Westab, whose products included Big Chief tablets, Spiral Notebook products, and Hytone notebooks. In 1968 it bought Data Corporation for $6 million and renamed the business Mead Data Central. Data's information-retrieval technology was developed into LEXIS, a legal research system launched in 1973. Mead sold LexisNexis to Reed Elsevier in December 1994 for $1.5 billion. The transaction later generated a tax dispute with Illinois. In 2008, the United States Supreme Court ruled that Illinois courts had applied the wrong constitutional test and remanded the case for further consideration of whether Mead and Lexis constituted a unitary business. Mead also acquired businesses outside paper and information services, including Woodward Corporation, Stanley Furniture of Virginia, Murray Rubber, Ampad, and Hilroy. Some of these assets were later sold. Mead sold Ampad to Bain Capital in 1992, and acquired the Hilroy Companies in 1994 from a consortium connected with the restructuring of Olympia and York. In January 2002, The Mead Corporation and Westvaco merged to create MeadWestvaco. The combination brought together paper, paperboard, packaging, chemicals, forestry, and related consumer and office businesses. The new company was based in the United States and developed a substantial international manufacturing and sales footprint. Its packaging portfolio included paperboard grades, folding and rigid packaging, healthcare and pharmaceutical formats, dispensing systems, and specialty materials. The company also maintained extensive forest holdings and promoted certified forestry and sustainability initiatives. The post-merger period involved substantial portfolio realignment. In 2005, MeadWestvaco sold its Papers business, including Mead and Westvaco paper mills, to Cerberus Capital Management for approximately $2.3 billion; the business became NewPage Corporation. In 2008, the Charleston kraft paper mill was sold to KapStone Paper and Packaging. That same year, MeadWestvaco began presenting itself publicly as MWV, although the legal corporation retained its historical name. In 2011, it sold its Envelope Products Business to Cenveo's Quality Park group. In 2012, ACCO Brands acquired Mead, the office-products business. The company's environmental record included both criticism and improvement initiatives. A 2002 academic study identified it as a major corporate source of reported air pollution in the United States. MeadWestvaco subsequently emphasized compliance, voluntary performance programs, sustainable forestry, carbon-reduction commitments, and participation in organizations including the Sustainable Packaging Coalition, the Sustainable Forestry Initiative, the Chicago Climate Exchange, and the World Business Council for Sustainable Development. The MeadWestvaco Foundation, established in 2002, supported community programs in education, health and human services, environmental work, culture, civic organizations, and United Way activities. In January 2015, MeadWestvaco announced a combination with RockTenn. The transaction was intended to create a large packaging company capable of competing with leading North American packaging groups. The combined company was named WestRock. Completion of the transaction ended MeadWestvaco's existence as an independent company and placed its principal businesses within WestRock.

• 2015

  Combination with RockTenn

  [1]MeadWestvacoen.wikipedia.org

  MeadWestvaco combined with RockTenn to form WestRock, ending its independent corporate identity.

• 2008

  MWV brand introduced

  [1]MeadWestvacoen.wikipedia.org

  The company began using MWV as its public-facing brand name while retaining MeadWestvaco as its legal name.

• 2005

  Papers business divested

  [1]MeadWestvacoen.wikipedia.org

  The Papers business was sold to Cerberus Capital Management and became NewPage Corporation.

• 2002

  MeadWestvaco is formed

  [1]MeadWestvacoen.wikipedia.org

  The Mead Corporation and Westvaco merged to create MeadWestvaco.

• 1994

  LexisNexis sold

  [1]MeadWestvacoen.wikipedia.org

  Mead sold the LexisNexis system to Reed Elsevier.

• 1973

  LEXIS launches

  [1]MeadWestvacoen.wikipedia.org

  Mead Data Central launched the LEXIS legal research system.

• 1968

  Mead enters information services

  [1]MeadWestvacoen.wikipedia.org

  Mead acquired Data Corporation and formed Mead Data Central, leading to the later development of LEXIS.

• 1935

  Mead becomes exchange-listed

  [1]MeadWestvacoen.wikipedia.org

  Mead was first listed on the New York Stock Exchange.

• 1888

  Westvaco predecessor founded

  [1]MeadWestvacoen.wikipedia.org

  Piedmont Pulp & Paper Co., an early predecessor of Westvaco, was founded.

• 1846

  Mead lineage begins

  [1]MeadWestvacoen.wikipedia.org

  Ells, Claflin & Co., the predecessor of The Mead Corporation, was established in the United States.

A global, materials-focused packaging company emphasizing paperboard innovation, specialty packaging, chemical products, international manufacturing, and sustainability-oriented forestry and production practices.

• Paperboard packaging

  Carrier Kote

  A MeadWestvaco paperboard packaging brand associated with carrier-style packaging applications. It formed part of the company's portfolio of coated and specialty paperboard products supplied to consumer and commercial packaging customers.

• Coated paperboard

  Custom Kote

  A coated paperboard offering used in printed and converted packaging applications. It represented the company's emphasis on engineered surfaces and print performance for branded consumer packaging.

• Coated paperboard

  Printkote

  A specialty paperboard line intended for high-quality printing and packaging conversion. It was part of MeadWestvaco's paperboard and package-materials portfolio.

• Packaging materials

  Tango

  A MeadWestvaco packaging and paperboard brand included among the company's named package and paper products. The brand was marketed within the broader portfolio of materials for consumer and industrial packaging.

• Packaging

  Digipak

  A packaging brand associated with MeadWestvaco's converted packaging products. It was one of the named brands in the company's packaging portfolio before the business became part of WestRock.

• Rigid packaging

  Amaray

  A rigid packaging brand listed among MeadWestvaco's products. It was associated with molded or converted packaging formats used for protecting and presenting packaged goods.

• Healthcare packaging

  Dosepak

  A healthcare and pharmaceutical packaging brand designed for dose-oriented packaging applications. It reflected MeadWestvaco's participation in regulated packaging markets.

• Packaging materials

  Vision

  A named MeadWestvaco packaging or paperboard offering included in the company's historical brand portfolio. Detailed product specifications are not established by the supplied source material.

• 2002

  Air-emissions criticism

  A University of Massachusetts Amherst study identified MeadWestvaco as one of the larger corporate producers of reported air pollution in the United States, citing releases that included sulfuric acid, chlorine dioxide, chlorine, and methyl iodide. The company also pursued environmental compliance and voluntary sustainability initiatives.

  Source

• 1978

  Cardboard-container antitrust allegations

  Mead and 13 other companies were sued over allegations that they had coordinated to raise the cost of cardboard containers between 1973 and 1975. Mead later settled the related antitrust litigation in 1982.

  Source

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• 2015

  Combination with RockTennM&A

  Background

  MeadWestvaco sought greater scale in the competitive packaging industry.

  Action taken

  The company agreed to combine with RockTenn in a transaction intended to create an approximately $16 billion packaging company.

  Aftermath

  The combined company was named WestRock, and MeadWestvaco ceased independent operations.

  Combined company value. Approximately $16 billion (Announced January 2015; transaction period 2015)

  Source

• 2008

  Adoption of MWV brandStrategy

  Background

  The company wanted a shorter public-facing identity as its operations became more globally oriented.

  Action taken

  MeadWestvaco announced that it would use MWV as its brand while retaining MeadWestvaco Corporation as its legal name.

  Aftermath

  MWV became the company's principal market-facing identity until the 2015 combination with RockTenn.

  Source

• 2005

  Divestiture of Papers businessM&A

  Background

  MeadWestvaco sought to focus its portfolio more strongly on packaging and specialty materials.

  Action taken

  The company sold its Papers business to funds managed by Cerberus Capital Management, creating NewPage Corporation.

  Aftermath

  The divestiture removed the paper-mill business from MeadWestvaco and contributed to its strategic repositioning.

  Transaction value. Approximately $2.3 billion (2005)

  Source

1. 1MeadWestvacoen.wikipedia.org