Acquisition of leading Nordic pharmaceutical packaging group – Eson Pac

As shoppers and retailers head back to more routine day-to-day activities following the holiday chaos, one activity that is likely to continue well into February is gift returns. Returns are a routine cost of doing business for online retailers as part of a positive user experience. But the holidays offer more significant challenges regarding returns, particularly when you add more brick-and-mortar stores to the situation. The National Retail Federation estimates consumers will return about 16.5 percent of their gifts. A UPS study puts that at around 23 percent - a quarter of the gifts given over the holidays. In cases where an item still has value after being returned, it is imperative to maintain the integrity of the product during shipment. The easiest way to do that is through effective packaging.

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.

The Board of Directors of Stora Enso Oyj has appointed Hans Sohlström (58), M.Sc. (tech.) and M.Sc. (econ.), as the new President and CEO of Stora Enso as of today. Hans Sohlström is currently a member of Stora Enso’s Board of Directors from which position he is stepping down today. Stora Enso’s Board of Directors will now have eight members. Hans Sohlström has over 30 years of experience in business leadership, including over 10 years as CEO predominantly in the forest and renewable materials industries. Most recently he led Ahlstrom Corporation, Ahlström Capital and Rettig Group. Prior to that, for over 20 years, he held several leadership positions at UPM-Kymmene Corporation, such as Mill Director, Business Unit Vice President and was a member of the Group Executive Team responsible for Marketing, New Businesses and Biofuels, and Corporate Relations and Development.