Key information

🔎 Fund Overview

MeadWestvaco Corporation provides packaging solutions to healthcare, beauty and personal care, food, beverage, home and garden, tobacco, and agricultural industries worldwide. It operates in five segments: Food and Beverage, Home, Health and Beauty, Industrial, Specialty Chemicals, and Community Development and Land Management. The Food & Beverage segment produces packaging materials and paperboards, as well as is engaged in carton design and converting operation. The Home, Health & Beauty segment designs and produces pumps, paperboards, plastic packaging materials, trigger sprayers, hose-end sprayers, and spouted and applicator closures for the personal care, fragrance, home care, lawn and garden, prescription drug, and healthcare end markets. The Industrial segment designs and produces corrugated packaging materials, corrugated packaging solutions, kraftliner and recycled material medium paperboards, and containerboards, as well as converts boards and raw materials to corrugated packaging primarily for produce, meat, consumer products, and bulk goods in Brazil and India. The Specialty Chemicals segment manufactures, markets, and distributes specialty chemicals, such as performance chemicals used in printing inks, asphalt paving, and adhesives, as well as in the agricultural, paper, and petroleum industries; and produces activated carbon products used in gas vapor emission control systems for automobiles and trucks, as well as applications for air, water, and food purification. The Community Development and Land Management segment is involved in the development and sale of real estate properties; entitling and enhancing tracts; and planning of landholdings. The company sells its products through its sales force, as well as through paperboard merchants and distributors. MeadWestvaco Corporation was founded in 1888 and is headquartered in Richmond, Virginia.