MeadWestvaco

MeadWestvaco Corporation was a united states packaging company located in Richmond, Virginia. It’d roughly 23,000 employees. In Feb 2006, it moved its corporate headquarters to Richmond. In March 2008, the organization announced a big change to begin using “MWV” since it’s brand, however the legal name of the organization remains MeadWestvaco.

MeadWestvaco announced in The month of january 2015 it would form a combined $16 billion company with RockTenn to defend myself against management within the packaging industry within the U.S. The brand new clients are entitled WestRock.

MeadWestvaco would be a producer of packaging, niche papers, consumer and office products and niche chemicals. The organization had 153 operating and office locations in 30 countries, and serves customers in over 100 countries. The business’s paperboard, package and paper brands incorporated Carrier Kote, Custom Kote, Printkote, Tango, Digipak, Amaray, Dosepak and Vision. MeadWestvaco held leading positions within the markets it offered. MeadWestvaco managed over 3 million acres (12,000 km²) of forestlands meeting stringent ecological standards and licensed to Sustainable Forestry Initiative standards.

MeadWestvaco was created in The month of january 2002 because of a merger between your Mead Corporation of Dayton, Ohio, and Westvaco (initially the Piedmont Pulp and Paper Company and so the West Virginia Pulp and Paper Company).

The ancestor from the Mead Paper Company began in the paper business in 1846 but didn’t adopt the name Mead until 1882. Within the decades, Mead diversified into a variety of companies and economic sectors, through purchases, mergers and joint ventures. It was initially on the New You are able to Stock Market in 1935. In 1966, Mead acquired Westab, whose products incorporated the large Chief tablet, Spiral Notebook logo and Hytone Notebooks.

In 1968, Mead joined the data technology sector by obtaining small businesses known as Data Corporation for $six million, and renamed it Mead Data Central. Mead was initially thinking about an inkjet printing system produced by Data. However, Data had been focusing on a complete-text information retrieval system for that U.S. Air Pressure, by 1967 had adapted the product towards the task of indexing and looking out legal precedent included in a test using the Ohio Condition Bar. After an Arthur D. Little study established that the data retrieval product were built with a promising future, Mead Data Central launched it as being the LEXIS legal research system in 1973. In December 1994, Mead offered the LexisNexis system to Reed Elsevier for $1.5 billion.

The U.S. condition of Illinois subsequently audited Mead’s tax returns and billed Mead yet another $4 million in tax and penalties for that purchase of LexisNexis Mead compensated the tax under protest, then accused of reimbursement within an Illinois condition court. On April 15, 2008, the U.S. Top Court agreed with Mead the Illinois courts had incorrectly applied the Court’s precedents on whether Illinois could constitutionally apply its tax to Mead, an out-of-condition, Ohio-based corporation. A Legal Court reversed and remanded so the lower courts could use the correct make sure see whether Mead and Lexis were a “unitary” business.

In 1986, Mead acquired Ampad makers of legal pads so it offered in 1992 to Bain Capital.

Mead acquired the Hilroy Companies in 1994 from the consortium of banks which had purchased Olympia and You are able to in the receiver, O&Y’s subsidiary through Abitibi-Cost.

In 2005, the Papers business unit—including both Mead and Westvaco paper mills—was offered towards the investment firm Cerberus Capital Management for around $2.3 billion. The brand new clients are known as NewPage Corporation, which operated from Dayton, Ohio for some time until it outgrew its facilities. NewPage is presently headquartered in Miamisburg, Ohio.

In 2008, MeadWestvaco offered its Charleston, SC kraft paper mill to Kapstone Paper and Packaging.

MeadWestvaco started while using “MWV” brand in 2008.

In Feb 2011, MeadWestvaco offered its Envelope Products Business such as the Columbian Brand Envelope to Cenveo Corporation’s Quality Park Envelope Products Group.

This Year, ACCO Brands acquired the customer and office products companies, including Mead, 5 Star, AT-A-GLANCE, Cambridge, Day Runner, Hilroy, Tilibra, and Grafons.

In 2002, researchers in the College of Massachusetts Amherst have identified MeadWestvaco because the 57th-largest corporate producer of polluting of the environment within the U . s . States, with roughly 35,000 pounds of toxic chemicals released yearly in to the air. Major pollutants shown by the research include sulfuric acidity, swimming pool water dioxide, swimming pool water, and methyl iodide.

MWV required steps to enhance its ecological impact by upholding both mandated and voluntary performance standards. It had been incorporated within the Dow jones Johnson Sustainability World Index, a method that tracks the financial performance of leading sustainability-driven companies worldwide. MWV met the carbon reduction targets from the Chicago Climate Exchange (CCX), the earth’s first and North America’s only legally binding rules-based green house gas emissions allowance buying and selling system. It held leadership positions in and positively supports Sustainable Packaging Coalition, Cerflor, CCX, World Business Council for Sustainable Development, Abundant Forests Alliance, Duke College Global Warming Policy Partnership and Sustainable Forestry Initiative.

In 2002, MeadWestvaco established the MeadWestvaco Foundation like a vehicle to appropriately hand back towards the communities by which its employees live and work. The Building Blocks works carefully with local MWV business unit managers to look for the goals, priorities, and techniques perfect for each location.

The Foundation’s 2007 contributions totaled roughly $3.7million. Funds were allotted towards the following groups: U . s . Way, education, atmosphere, health & human services, culture & art, and social organizations. MWV employees, families, and buddies also contributed over 46,000 volunteer hrs to colleges, charitable organizations, and public institutions.