MeadWestvaco
 |
|
| Public | |
| Traded as | : MWV S&P 500 Component |
| Fate | merged with RockTenn |
| Predecessor | The Mead Corporation Westvaco |
| Successor | WestRock |
| Founded | January 2002 |
| Headquarters | Richmond, Virginia |
|
Key people
|
John A. Luke, Jr., Chairman & CEO James A. Buzzard, President E. Mark Rajkowski, CFO & Senior Vice President |
| Revenue | US$6,060,000,000 (2011) |
| US$422,000,000 (2011) | |
| US$246,000,000 (2011) | |
|
Number of employees
|
23,000 (2014) |
| Website | www |
MeadWestvaco Corporation was an American packaging company based in Richmond, Virginia. It had approximately 23,000 employees. In February 2006, it moved its corporate headquarters to Richmond. In March 2008, the company announced a change to start using "MWV" as its brand, but the legal name of the company remains MeadWestvaco.
MeadWestvaco announced in January 2015 that it would form a combined $16 billion company with RockTenn to take on market leaders in the packaging industry in the US. The new company is titled WestRock.
MeadWestvaco was a producer of packaging, specialty papers, consumer and office products and specialty chemicals. The company had 153 operating and office locations in 30 countries, and serves customers in over 100 countries. The company’s paperboard, package and paper brands included Carrier Kote, Custom Kote, Printkote, Tango, Digipak, Amaray, Dosepak and Vision. MeadWestvaco held leading positions in the markets it served. MeadWestvaco managed over 3 million acres (12,000 km²) of forestlands meeting stringent environmental standards and certified to Sustainable Forestry Initiative standards.
MeadWestvaco was formed in January 2002 as the result of a merger between The Mead Corporation of Dayton, Ohio, and Westvaco (originally the Piedmont Pulp and Paper Company and then The West Virginia Pulp and Paper Company).
The ancestor of the Mead Paper Company started out in the paper business in 1846 but did not adopt the name Mead until 1882. Over the decades, Mead diversified into many different businesses and economic sectors, through purchases, mergers and joint ventures. It was first listed on the in 1935. In 1966, Mead acquired Westab, whose product line included the Big Chief tablet, Spiral Notebook brand and Hytone Notebooks.
In 1968, Mead entered the information technology sector by acquiring a small company called Data Corporation for $6 million, and renamed it Mead Data Central. Mead was originally interested in an inkjet printing system developed by Data. However, Data had also been working on a full-text information retrieval system for the U.S. Air Force, and by 1967 had adapted this product to the task of indexing and searching legal precedent as part of an experiment with the Ohio State Bar. After an Arthur D. Little study indicated that the information retrieval product had a promising future, Mead Data Central launched it as the LEXIS legal research system in 1973. In December 1994, Mead sold the LexisNexis system to Reed Elsevier for $1.5 billion.
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Wikipedia