Sonoco Announces Price Increase for Paperboard Tubes and Cores

Tetra Pak has today been recognised as one of the world’s 50 Sustainability and Climate Leaders. The leading food processing and packaging solutions company has been acknowledged for its commitment to pioneer a sustainable future, with a documentary showcasing its fascinating journey. The video features interviews with members of Tetra Pak’s Global Leadership Team, highlighting how the role of food sector in tackling climate change is becoming even more imperative. They explain why accelerating de-carbonisation and collaborations is critical to lead the sustainability transformation of the food packaging industry – addressing complex and multi-faceted challenges such as global warming, circularity and biodiversity. Food is a critical but often overlooked element of the climate issue. The global food system accounts for 26% of global greenhouse gas (GHG) emissions1, while 8% of total emissions are caused by food waste2.

Sonoco announced it has completed the acquisition of Clear Lam Packaging, Inc., a family-held developer and manufacturer of flexible and forming plastic packaging films, for approximately $170 million in cash. Founded in 1969, the Elk Grove Village, Ill.-based company is projecting 2017 sales of approximately $140 million and operates state-of-the-art manufacturing facilities in Elk Grove Village and Nanjing, China, with nearly 400 total employees. Clear Lam is a technology leader in the development, production and conversion of high barrier flexible and forming films used to package a variety of products for consumer packaged goods companies and retailers, with a focus on structures used for perishable foods. Clear Lam President and CEO James Sanfilipo and other key members of its management team are expected to remain with the company. Clear Lam’s financial results will be added to Sonoco’s Consumer Packaging segment. Click Read More below for additional details.

The “sustainable watch packaging” project between the two independent, family-owned companies Koehler Paper and Mühle-Glashütte focuses on developing high-quality yet sustainable packaging for a luxury watch — two characteristics that it has previously been difficult to combine in communication with customers. Koehler Paper came up with the idea of producing environmentally friendly, luxury packaging made from 100% recycled paper and designed to contain a high-quality watch. Family company Mühle-Glashütte, known for its nautical instruments and high-quality mechanical wristwatches, was taken on as a collaboration partner. Sustainability and recyclability are the main requirements for the packaging that Koehler developed together with Mühle-Glashütte and other project participants. Thilo Mühle, Managing Director at Mühle-Glashütte, stresses: “The collaboration project with Koehler Paper makes it clear that luxury no longer needs to be a guilty pleasure. What’s more, the craftsmanship of two family companies steeped in tradition is brought together here. This is reflected in the results.”