MeadWestvaco Corporation (NYSE:MWV)

MeadWestvaco Corporation is a global packaging company that provides packaging solutions to many of the world's brands in the healthcare, personal and beauty care, food, beverage, tobacco, media and entertainment, and home and garden industries.

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MeadWestvaco Corporation is a Delaware corporation formed in 2001 following the merger of Westvaco Corporation and The Mead Corporation. It is a global packaging company that provides packaging solutions to many of the world's brands in the healthcare, personal and beauty care, food, beverage, tobacco, media and entertainment, and home and garden industries. The Company's other business operations serve the consumer and office products, specialty chemicals, forestry and real estate markets. The business segments of the Company are Packaging Resources, Consumer Solutions, Consumer & Office Products, Specialty Chemicals and Community Development and Land Management. The Packaging Resources segment produces bleached paperboard, Coated Natural Kraft(r) paperboard, linerboard, and packaging for consumer products including packaging for beverage and dairy, produce, cosmetics, tobacco, pharmaceuticals and healthcare products and media. This segment's paperboard products are manufactured at three mills located in the U.S. and two mills located in Brazil. Bleached paperboard is used for packaging high-value consumer products such as pharmaceuticals, personal and beauty care, cosmetics, tobacco, food service and aseptic cartons. The Consumer Solutions segment offers a full range of converting and consumer packaging solutions including printed plastic packaging and injection-molded products used for personal and beauty care, cosmetics and pharmaceutical products; dispensing and sprayer systems for personal and beauty care, healthcare, fragrance and home and garden markets; and packaging for media products such as DVDs, CDs, video games and software. This segment designs and produces multi-pack cartons and packaging systems mainly for the beverage take-home market and packaging for the tobacco market. Paperboard and plastic are converted into packaging products at plants located in North America, South America, Asia and Europe. The Consumer & Office Products segment manufactures, sources, markets and distributes school and office products, time-management products and envelopes in North America and Brazil through both retail and commercial channels. The Specialty Chemicals segment manufactures, markets and distributes specialty chemicals derived from sawdust and other byproducts of the papermaking process in North America, South America and Asia. Products include activated carbon used in emission control systems for automobiles and trucks and performance chemicals used in printing inks, asphalt paving, adhesives and lubricants for the agricultural, paper and petroleum industries. The Community Development and Land Management segment is responsible for maximizing the value of the company's landholdings. Operations of the segment include real estate development, forestry operations and leasing activities. Real estate development includes improving and selling rural tracts mainly for recreational and residential uses, entitling and improving high-value tracts through joint ventures and other ownership arrangements, master planning select landholdings, and monetizing non-core forestlands. The main markets for its products are in North America, South America, Europe and Asia. The Company operates in a very challenging global marketplace. The Company's operations are subject to regulation by federal, state and local authorities, as well as regulatory authorities.