09:23 AM EDT, 07/01/2025 (MT Newswires) -- Consumer stocks were mixed premarket Tuesday, with The Consumer Staples Select Sector SPDR Fund ( XLP ) marginally higher and The Consumer Discretionary Select Sector SPDR Fund ( XLY ) down 0.9%.

Packaging Corp. of America ( PKG ) shares were up more than 3% after the company said it has agreed to purchase the containerboard business of Greif ( GEF ) for $1.80 billion in cash.

International Paper ( IP ) shares were 0.5% lower after the company said it has closed the sale of five European box plants to Palm Group.

Skechers USA's ( SKX ) go-private buyout by private equity firm 3G Capital was approved by the European Commission, the Commission said. Skechers USA ( SKX ) shares were down 0.1% pre-bell.