In January 2015, MeadWestvaco, announced that its board had approved the plan to spin off the specialty chemicals business from the rest of the company.
MeadWestvaco’s packaging operations can be broken down into three categories. The primary raw material used in operations is third-party sourced wood fibre.
Starboard Value is a New York-based activist hedge fund that takes large, long-term positions in companies that it believes to be undervalued or mismanaged.