US-based Atlas, owner of AGI World, has announced its agreement with Shorewood owner International Paper (IP) to combine their consumer packaging businesses to become AGI-Shorewood.

The new business will operate in Asia, Europe, North America and Latin America, as well as all locations of Shorewood Packaging, except those in China.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

AGI-Shorewood is considering major expansion of its operations in Guangzhou, China, and plans to invest $7m following the completion of the closing of Shorewood’s Chinese businesses later this month.

Atlas owns 100% of the combined AGI-Shorewood business in the US and 60% of the business outside of the country, while IP owns 40% of the combined business outside the US.

Atlas chairman Andrew Bursky said: "The merger provides AGI with expanded diversification, entree to new and growing end markets, and significant positions in regions like Asia and Latin America."

See Also:

The company will now serve both regional and international consumer packaged-goods, entertainment and tobacco firms on a global basis.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

According to Atlas, the merger is consistent with its investment approach of purchasing and transitioning divisions of corporate parents into independent companies.

In 2010, Atlas acquired AGI from MeadWestvaco and combining with Shorewood creates an independent company focused exclusively on bringing specialty packaging solutions to its customers.

AGI-Shorewood serves key consumer-packaging segments that include media, tobacco, beauty and personal care, pharmaceuticals, consumer electronics, as well as food and beverages.