Smurfit Kappa First Quarter 2023 Trading Update

Packaging Corporation of America announced that it has entered into a definitive agreement to acquire substantially all of the assets of Sacramento Container Corporation, and 100% of the membership interests of Northern Sheets, LLC and Central California Sheets, LLC in a cash-free, debt-free transaction for a cash purchase price of $265 million. The Company has also announced that it will discontinue production of uncoated freesheet (UFS) and coated one-side (C1S) grades at its Wallula, Washington mill in the second quarter of 2018 to begin the conversion of its 200,000 ton-per-year No. 3 paper machine to a 400,000 ton-per-year high-performance 100% virgin kraft linerboard machine. The acquisition transaction is structured as a purchase of assets resulting in a full step-up of the assets to fair market value. Under the terms of the agreement, PCA will acquire full-line corrugated products and sheet feeder operations in McClellan, California and Kingsburg, California. Click Read More below for additional detail.

For fish wholesalers Bröderna Hanssons, the sea is their livelihood. People have been enjoying their fish and shellfish since the company began in 1880. To ensure that also future generations can enjoy their seafood, Bröderna Hanssons focus not only on the fish, but also sustainability. One step in taking better care of the sea was to replace the polystyrene box with a fiber-based fish box made of corrugated board. Bröderna Hanssons are leaders in the fishing industry, and are passionate about producing, refining and selling fresh fish and shellfish products to their customers. The majority of the company’s sales go to grocery companies such as ICA, Coop and Axfood, but customers also include restaurants, schools and large-scale kitchens. Bröderna Hanssons care about the climate, and are constantly looking for more eco-friendly means of production and distribution. “We want to take responsibility for fish and shellfish production, in order to preserve the ecosystem and make sure that future generations can enjoy the fruits of the sea too. And we welcome our customers and partners to join us in this endeavour!” says Daniel Thunberg, Head of Marketing at Bröderna Hanssons.

Packaging manufacturer PackageMedia, operating in Inkeroinen, Kouvola, created a unique, local cup series called “Images from Kouvola” and “Images from Kotka” for Prisma stores in the Kymenlaakso region; the cups are made from Kotkamills' plastic-free and easy-to-recycle cupstock. The images depict the local attractions, nature, and other sources of pride of these two cities. The Kouvola-themed cups can be purchased in a 25-cup retail package at Prisma in Kouvola, and the Kotka-themed cups are available at the Sutela Prisma in Kotka. It's easy to grab some cups while doing your regular grocery shopping, and a package of cups is always a welcomed and practical gift to bring when visiting a summer cabin. Each city series of cups contains six different images, the number of which varies in the consumer packages, so each family member can choose their own image and use the cup they selected multiple times throughout the summer day without mixing it up with a cup used by someone else. After use, the plastic-free cup is easy to recycle with other cardboard packaging.