Profile: MeadWestvaco Corp (MWV.N)
7 Mar 2014
MeadWestvaco Corporation (MWV), incorporated on August 24, 2001, is a global packaging company providing solutions to the healthcare, beauty and personal care, food, beverage, home and garden, tobacco, and agricultural industries. The company also produces specialty chemicals for the automotive, energy, and infrastructure industries and maximizes the value of its land holdings through forestry operations, property development and land sales. MWV’s reporting segments are Food & Beverage; Home, Health & Beauty; Industrial; Specialty Chemicals, and Community Development and Land Management. On May 1, 2012, the Company completed the spin-off of its Consumer & Office Products business and subsequent merger of that business with ACCO Brands Corporation. On November 30, 2012, MWV acquired Ruby Macons Limited (Ruby Macons). On December 11, 2012, MWV acquired the remaining 50% interest in Resitec Industria Quimica, Ltda. In December 2013, Meadwestvaco Corp completed the sale of U.S. forestlands to Plum Creek Timber Company.
Food & Beverage
The Food & Beverage segment produces packaging materials, and designs and produces packaging solutions for the global food, food service, beverage, dairy and tobacco end markets, as well as paperboard for commercial printing. For the global food market, the segment develops and produces materials and solutions that are used to package frozen food, dry goods, ready-to-eat meals, hot and cold drinks, and shelf-stable dairy products. For the global beverage market, the segment has a fully integrated business model, including paperboard, carton design and converting operations, as well as beverage packaging machinery. For the global tobacco market, the segment produces paperboard, and designs and produces cartons for tobacco brand owners. The segment’s materials are manufactured in the United States and converted into packaging solutions at plants located in North America, Europe and Asia.
Home, Health & Beauty
The Home, Health & Beauty segment designs and produces packaging solutions for the global personal care, fragrance, home care, lawn and garden, prescription drug and healthcare end markets. For the global beauty and personal care market, the segment produces pumps for fragrances, lotions, creams and soaps, flip-top and applicator closures for bath and body products and lotions, and paperboard and plastic packaging for hair and skin care products. For the global home and garden market, the segment produces trigger sprayers for surface cleaners and fabric care, aerosol actuators for air fresheners, hose-end sprayers for lawn and garden maintenance, and spouted and applicator closures for a range of other home and garden products. For the global healthcare market, the segment makes secondary packages designed to enhance patient adherence for prescription drugs, as well as healthcare dispensing systems, paperboard packaging and closures for over-the-counter and prescription drugs. Paperboard and plastic materials are converted into packaging solutions at plants located in North America, South America, Europe and Asia.
The Industrial segment designs and produces corrugated packaging solutions for produce, meat, consumer products and bulk goods primarily in Brazil. In Brazil, the integrated business includes forestlands, paperboard mills and corrugated box plants. This segment also includes operations in India, which develop corrugated packaging materials, as well as corrugated packaging solutions for the domestic fresh produce growers. In Brazil, the segment manufactures virgin kraftliner and recycle-based medium paperboards, and converts the material to corrugated packaging at five box plants across the country. In India, the segment converts raw materials to corrugated packaging at its facility in Pune and manufactures containerboard at two mills in Vapi and Morai.
The Specialty Chemicals segment manufactures, markets and distributes specialty chemicals derived from sawdust and other byproducts of the papermaking process in North America, Europe, South America and Asia. Products include performance chemicals derived from pine chemicals used in printing inks, asphalt paving and adhesives as well as the agricultural, paper and petroleum industries. This segment also includes products based on activated carbon used in gas vapor emission control systems for automobiles and trucks and applications for air, water and food purification.
Community Development and Land Management
The Community Development and Land Management segment operations include real estate development, forestry operations and leasing activities. Real estate development includes selling non-core forestlands primarily for recreational and residential uses, entitling and improving high-value tracts, and master planning select landholdings. Forestry operations include growing and harvesting softwood and hardwood on the Company’s forestlands for external consumption and for use by the Company’s mill-based business. Leasing activities include fees from third parties undertaking mineral extraction operations, as well as fees from recreational leases on the Company’s forestlands.
501 South 5th Street
RICHMOND VA 23219-0501