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The Target Report: Mergers, Acquisitions & Restructuring in the Printing, Packaging & Related Industries

Corrugated packaging producers close plants as demand cools and more...

Tuesday, November 11, 2025

In 1856, tall top hats were the height of fashion for men. Two English gentlemen in the hatter trade, Edward G. Healy and Edward E. Allen, resolved to find a material that would maintain the tall shape, yet was flexible to fit individual noggins. The solution they arrived at was to form paper into pleats, giving it a wavy shape for strength. They fed paper through a very simple hand-cranked machine that had two intersecting fluted rollers, typically used to create ruffled fabric, such as on collars or cuffs. They patented the invention in England, but never made the leap to using their invention to create a shipping box.

American ingenuity was behind the next step forward in the form of a US patent filed in 1871 by Albert L. Jones for “an improvement in paper for packing,” which described the use of “corrugated or crimped sheet of paper to one side of which is attached a flat sheet of paper by pasting” to create an effective cushion for the contents being packed. A common use was to wrap the corrugated paper around fragile items such as bottles or kerosene lamp chimneys.

Three years later, a machine was developed for producing large quantities of corrugated material. That same year, another inventor, Oliver Long, added a liner sheet to the second side, trapping the corrugation in the middle and producing the corrugated material we know today. In 1894, the first corrugated box was manufactured in the US. The cheaper product quickly replaced the previously dominant wooden crates and boxes used to ship products.


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About Mark R. Hahn

Mark Hahn is Senior Managing Director and Founder of Graphic Arts Advisors, a boutique strategic financial advisory and consulting firm focused exclusively on the printing, packaging and related industries. He assists company owners and management, as well as their lenders, investors and shareholders in the following areas: mergers & acquisitions, sale of business, strategic and financial advisory, capital structure & funding, financial analysis, interim & turnaround C-level management and business valuations. Mark is the author of The Target Report and is regularly published and quoted in printing industry trade and management journals. Mark can be reached at 973-588-7399 or [email protected].

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