Smurfit-Stone

Leading maker of paper packaging.

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Headquarters:
150 North Michigan Avenue
Chicago, IL 60601
Employees: 35,000
CEO: Patrick Moore
Stock Symbol: SSCC

Website: http://www.smurfit-stone.com

Career Site

Smurfit-Stone Container Corporation is the industry's leading manufacturer of paperboard and paper-based packaging. Smurfit-Stone is a leading producer of containerboard, including white top linerboard and recycled medium; corrugated containers; point-of-purchase displays; multiwall and specialty bags; and clay-coated recycled boxboard; and is one of the world's largest collectors and marketers of recovered fiber.

In addition, Smurfit-Stone is a major producer of solid bleached sulfate, folding cartons, flexible packaging, and labels. The company operates approximately 250 facilities, located primarily in the U.S., Canada and Mexico.

The company is also one of the world's largest paper recyclers.

In 2004, the company reported revenues of $8.3 billion and net loss of $46 million. The containerboard and corrugated containers segment accounts for 75 percent of net sales.

Smurfit-Stone announced a restructuring program in November to cut costs and streamline operations. Smurfit-Stone will close up to 20% of its corrugated container facilities by 2008 which can save up to $600 million.

History

Smurfit-Stone Container was formed on November 18, 1998, when St. Louis- based Jefferson Smurfit Corporation (JSC) merged with Chicago-based Stone Container Corporation. The company acquired St. Laurent Paperboard Inc. in May 2000 and MeadWestvaco's Stevenson, AL, containerboard mill and related assets in September 2002.  Smurfit-Stone acquired the remaining 50 percent of Smurfit-MBI in March 2003 in an asset exchange with Jefferson Smurfit Group plc.

JSC's roots go back to 1974, when Dublin, Ireland-based Jefferson Smurfit Group plc (JS Group) - founded in 1935 - acquired partial interest in Time Industries, a Chicago-based paper and packaging company. JS Group established a major presence in the U.S. with the 1981 acquisitions of the Alton Boxboard Company and Diamond International's packaging operations, which were incorporated into JSC.

Benefits

- Health care plan, including medical, prescription drugs, dental and vision coverage for you and your family
- 401(k) employee savings plan
- Pension plan
- Basic and optional life insurance/accidental death and dismemberment coverage, including dependent life insurance
- Disability coverage, including short- and long-term disability
- Business travel accident coverage
- Health care and dependent care flexible spending accounts
- Tuition reimbursement
- Other benefits, including vacation, paid holidays, employee assistance program, relocation assistance, etc.

Updated December 9, 2005

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