Pactiv Evergreen settles for $6.25M over 2023 North Carolina mill closure

"Pactiv Evergreen is settling with North Carolina for $6.25 million after shutting down its historic Canton paper mill in 2023, breaking an economic development deal. The closure was a shock, wiping out 800 jobs and shaking the local economy. But here’s the industry insight—this signals a shift in paper packaging’s economics. Rising costs and environmental regulations are squeezing legacy mills, making consolidation and shutdowns more likely. With Novolex acquiring Pactiv for $6.7 billion, expect further restructuring. The future? Leaner, greener, and more competitive paper packaging operations."https://www.packagingdive.com/news/pactiv-evergreen-canton-north-carolina-mill-closure-settlement/740225/

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