SCA to increase kraftliner prices by € 50 per tonne

Huhtamaki, a global sustainable packaging solutions provider, started an exclusive partnership with one of the largest coffee brands, Nespresso, in early 2021 to innovate a sustainable home-compostable paper-based coffee capsule. The powerful collaboration, used a lean approach to product and process development, accelerating the time to market in record time. Huhtamaki's proprietary high-precision technology allows wood fibers to be molded into intricate shapes with high-precision tolerances to a fraction of a millimeter. The home compostable paper-based coffee capsule was launched by Nespresso in France yesterday, November 21, 2022. It is a significant development in innovation for the circular economy and a leap forward for consumers around the world. Click read more below for key details.

Sonoco Products Company announced the completion of its acquisition of the remaining equity interest in RTS Packaging, LLC (“RTS”) from joint venture partner WestRock (NYSE:WRK) and one WestRock paper mill in Chattanooga, Tennessee. The acquisition, originally announced on November 9, 2022, will further strengthen and expand Sonoco’s 100% recycled fiber-based packaging solutions to serve growing consumer wine, spirits, food, beauty and healthcare markets. Prior to closing the transaction, Sonoco was a 35% owner in the joint venture with WestRock. With this acquisition, Sonoco adds a network of 15 operations and 1,100 employees in the U.S., Mexico, and South America. The purchase price for this acquisition was $330 million, subject to customary price adjustments. The Company funded the acquisition with borrowings under its existing credit facilities and cash on hand. After the transaction, the Company’s net debt to adjusted EBITDA ratio is less than 2.9x. The acquisition is expected to be immediately accretive to earnings per share, excluding the impact of purchase accounting adjustments.

Solenis, a leading global provider of water and hygiene solutions, released its 2024 Sustainability Report, marking the first edition that combines information and data from Diversey. Solenis acquired Diversey Holdings, Ltd. in 2023 and now operates as one integrated company with aligned sustainability policies. “With the integration of Diversey and the addition of more than 9,000 employees to the Solenis team, we finished 2024 as one united company on a clear path to make a real and lasting positive impact on our customers, our employees and our world,” said CEO John Panichella. “We continue to embrace and enhance our own transparency around sustainability, while as a partner we are uniquely able to help customers achieve their sustainability and operational goals.” Along with the report, Solenis unveiled a new sustainability-focused website at sustainability.solenis.com, underscoring its ESG initiatives and activities that add sustainability value for customers.