Smurfit Westrock to close two mills, cut 500k tons capacity; expects $287M pre-tax charges

Smurfit Westrock plc

Permanent closure of CRB mill in St. Paul, MN, and discontinuation of production at containerboard mill in Forney, TX; specialty coating at Forney unaffected.
Consultation with German works councils to permanently close two converting facilities in Germany.
Approximately 650 employees in U.S. and Germany impacted; career transition assistance and severance provided.
Pre-tax cash charges of ~$99M ($42M severance, $57M other) and non-cash impairment of ~$188M; $226M recognized in Q2 2025.
Capacity reduction of over 500,000 tons annualized.

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