Pactiv Evergreen to close Michigan plant, cut 153 jobs

"Big shifts in the paper packaging world—Pactiv Evergreen is shutting down its Kalamazoo, Michigan plant, cutting 153 jobs. This comes as part of a $15 million cost-cutting plan, with broader restructuring expected to save $35 million by 2026. But here’s the real impact: with Novolex acquiring Pactiv for $6.7 billion, this closure signals a strategic shift toward consolidation and efficiency. Expect tighter supply chains, possible price shifts, and a renewed focus on high-margin sustainable packaging. For industry players, the message is clear—adapt or risk being left behind!"https://www.packagingdive.com/news/pactiv-evergreen-kalamazoo-michigan-plant-closure-layoffs/739878/

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