Resolution to delist Norske Skogindustrier ASA from Oslo Børs

Financial summary for the quarter •EBITDA excluding special items US$172 million (Q1 2017 like-for-like US$181 million) •Profit for the period US$63 million (Q1 2017 US$90 million) •EPS excluding special items…

Avery Dennison said it has agreed to acquire JDC Solutions, Inc., a privately owned manufacturer of pressure-sensitive specialty tapes headquartered in Mount Juliet, Tennessee, for the purchase price of $24 million. JDC employs approximately 75 employees located at its headquarters and manufacturing site in Tennessee, with approximately $30 million in annual revenue. JDC manufactures specialty tapes for use in a variety of high-value industrial applications, and has longstanding relationships with U.S. converters serving the automotive, consumer appliance, and building and construction industries, among others. Upon completion of the acquisition, JDC’s manufacturing operations, workforce and product portfolio will become part of Avery Dennison’s Performance Tapes North America business. The acquisition is expected to close in Q1, subject to customary conditions and approvals.

Sappi Europe announces a price increase for Transjet, Basejet and Inkjet grades by 8-15 % valid for deliveries from 1July 2021. The unprecedented and ongoing rise of raw material costs, particularly pulp, chemicals and energy in combination with extremely high freight rates makes price adjustments unavoidable. Sappi’s sales team will be in contact with customers to discuss the detail and support the implementation.