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
Related Posts
Performance White Barrier is a new sack paper from BillerudKorsnäs where a coating replaces the plastic film barrier commonly found in paper sacks. The sack paper is on par with traditional alternatives regarding shelf-life expectancy and other performance factors. Some of the main benefits are easy recycling in regular paper streams, a good printing surface for branding and product content display and no need for any changes in the supply chain. Performance White Barrier can replace most slit and perforated plastic films without significant changes in shelf-life performance, and works for a wide variety of sack paper applications including animal feed, building materials, chemical substances, dry food and mineral products. Brand owners get sustainable product packaging, and users get packaging that only consists of paper, making the sacks easy to recycle in the well-established paper recycling process.
Mactac® will highlight its commitment to environmentally responsible innovation at Labelexpo Americas 2024, showcasing its Simply Sustainable® solutions. As a pressure-sensitive label industry leader, Mactac continues to push the boundaries of material design, manufacturing and reprocessing throughout the product life cycle. Attendees are invited to booth #143 to discover the latest recyclable plastic container labels, thinner release liners and post-consumer waste (PCW) labels that simplify recycling and enhance packaging sustainability. Among the Simply Sustainable® items Mactac will feature are: *APR®-recognized container labels *Thinner release liners *Post-Consumer Waste labelstocks
The recyclable and fiber-based wood foam Fibrease™ by Stora Enso can replace e.g. polymer-based foams in packaging solutions. A partnership with Nefab has made it possible to scale up the production and broadly introduce Fibrease to the market, and it’s already being used by customers. We are all familiar with the polyurethane (PU) foam used for cushioning in packaging. It performs well when it comes to protecting products. It’s made of fossil raw materials and used frequently within a variety of industries worldwide. Now, after a successful collaboration between Stora Enso and Nefab, the fiber-based material Fibrease is ready to broadly replace polymer foams; offering brand owners sustainable packaging solutions. “We see a growing demand from eco-conscious companies to replace plastic-based foams with more sustainable alternatives. With Fibrease we can give them that,” says Johan Tegell, Product Manager, Fiber-based solutions at Nefab.