International Paper (NYSE: IP) today announced that it has completed the transfer of its North America Consumer Packaging business to Graphic Packaging. As a result of the transaction, Graphic Packaging has assumed $660 million of IP debt. IP now holds a 20.5% ownership interest in the subsidiary of Graphic Packaging that holds the assets of the combined business. The transferred business includes approximately 3,900 employees, two coated paperboard mills and three converting facilities in the U.S., along with one converting facility in the U.K.
http://internationalpaper2015.q4web.com/news-releases/press-r/2018/International-Paper-Completes-Transfer-of-Their-North-America-Consumer-Packaging-Business-to-Graphic-Packaging/default.aspx
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When TymeFood needed higher-performance, more sustainable packaging for extending its reach out of London, it turned to Mondi, a global leader in packaging and paper. The solution, BCoolBox, is now keeping TYME Food’s weekday meals fresh as it delivers them to all corners of the UK. "TYME Food tested several multi-material options before turning to us. After analysing the conundrum with our customer-centric EcoSolutions approach, we proposed a trial of our new BCoolBox packaging system optimised for TYME Food’s needs. BCoolBox’s tough, lightweight corrugated sides and insulation panels keep contents well protected at under 7°C for a minimum of 24 hours during standard shipment. Its all-corrugated, mono-material construction simplifies the supply chain. It’s been great to be able to prove the effectiveness of this product." Nedim Nisic, eCommerce Manager, Mondi Corrugated Solutions. BCoolBox can be thrown into the paper sorting bin, unlike multi-material packaging where the UK does not have the necessary recycling infrastructure. With their core commitment to sustainability, this was a particular concern for TYME Food’s management. “We were looking for an insulation material that would maximise the possibility of it actually being recycled. Mondi’s perforated panel concept is very smart. Paper is a material that customers know how to recycle in the conventional infrastructure in the UK rather than requiring novel education or conditions to do so. So we invited Mondi to test their product for us.” said Joe Cooke, Creative Director, at TYME Food.
WestRock Company announced that its wholly-owned subsidiary WRKCo Inc. commenced a consent solicitation through which it is soliciting consents from registered holders of the Notes to amend certain terms of the indentures governing the respective Notes. The terms and conditions of the Consent Solicitation are set forth in a consent solicitation statement dated as of September 20, 2023. Adoption of the proposed amendments with respect to the applicable Indenture for each series of Notes requires the Consent of the Holders of at least a majority in aggregate principal amount of the then outstanding Notes of such series. The purpose of the Consent Solicitation is to obtain Consents from the Holders to (i) amend the definition of “Change of Control” applicable for the relevant series of the Notes under the Indentures to add an exception for the previously disclosed proposed business combination of WestRock and the Smurfit Kappa group announced by WestRock on September 12, 2023, pursuant to the transaction agreement entered into on September 12, 2023, by and among, inter alios, Smurfit Kappa Group plc, a public limited company incorporated in Ireland, and WestRock; and (ii) make any other changes of a technical or conforming nature to the Indentures necessary or desirable for the implementation of the proposed amendment above.
A new generation of lightweight SuperEnd® beverage ends from CROWN Asia Pacific, a division of Crown Holdings, Inc., reduce metal use by over 10% when compared to conventional 202 diameter (52mm) ends. The Interchangeable SuperEnd® beverage end is compatible with seamer tooling used with other lightweight ends on the market.
The lightweight nature of the ends means less aluminum is required for the manufacturing process, decreasing the amount of energy required during distribution. In addition, like all metal packaging, the ends are 100% recyclable and infinitely recyclable, making aluminum a permanent resource that underpins the circular economy, where materials can be used again and again with no loss in quality or physical properties. Click Read More below for additional detail.