His family lives in the St. Louis area, where Smurfit's corporate HQ was closed by Rock-Tenn. Smurfit abandoned a 115,000 square foot building.
Sounds like Rauber didn't want to move to work for Rock-Tenn.
Or maybe Rock-Tenn didn't want him?
I'd say it's a lot more likely he was the odd man out in the Rock-Tenn takeover. He was probably looking for a job. Too bad he found this one.
Recycling was little more than a footnote in the Rock-Tenn investor presentations about the Smurfit acquisition. That was Rauber's division.
Several Rock-Tenn road show presentations made to the investment community -- to make it clear that RKT management's insistance that the Smurfit acquisition wasn't an overpayment to cash out a bunch of vulture VCs that scooped up Smurfit's remains in bankruptcy -- make it pretty clear that Rock-Tenn was after Smurfit's paperboard manufacturing capacity. Rock-Tenn has banked their future on the Smurfit paperboard business, in fact.
By failure to even mention it in any significant way at all, it's clear to me that Smurfit's recycling business was not something Rock-Tenn was really interersted in.
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