Containerboard production was up 3.5 percent compared to March 2017 and up 0.5 percent year-to-date. The month-over-month average daily production compared to February 2018 was 3.5 percent higher. The containerboard operating rate was 97.4 percent or 0.7 percentage points higher than the same month last year. Production for exports was 3.3 percent lower than March 2017 and 6.7 percent lower year-to-date.
http://afandpa.org/media/news/2018/04/18/american-forest-paper-association-releases-march-2018-containerboard-report
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Pregis LLC has entered into a definitive agreement to purchase Free-Flow Packaging International, Inc. The acquisition is expected to be finalized in the coming weeks, subject to customary closing conditions and regulatory review. FP International has a 50 year history of providing a wide range of protective packaging solutions. Its well-known brands include the MINI PAK'R®, PRO PAK'R® and POWER PAK'R® and many other protective packaging products. The company was founded in 1967 by Arthur Graham, who pioneered the use of free-flowing interior packaging material. FP International has been transformed over the past two decades from a single-product company to a leading provider of protective packaging solutions with multinational operations. Click Read More below for additional information.
The Mayr-Melnhof Group (MM) has acquired 100% of the shares in Eson Pac, based in Veddige, Sweden, from the majority shareholder Nalka Invest AB and the minority shareholders from family and management. With a total turnover of around EUR 48 million, Eson Pac develops, produces and sells high-quality secondary packaging solutions for the pharmaceutical industry. The company has three production sites in Sweden and one in Denmark, focusing on folding boxes, leaflets and labels. Eson Pac currently employs around 300 people. "With this acquisition, we are strengthening our presence within the premium segment of the packaging division. The transaction ideally complements our current customer base and offers attractive new opportunities. In combination with our existing activities, we can offer our customers even more innovative and sustainable solutions. We are very confident that together with the highly qualified team from Eson Pac, we will successfully advance the joint growth course", commented MM CEO Peter Oswald.
When award-winning ethical jewellery brand Yala was looking for packaging materials compatible with its values and Certified B Corporation status, it selected Invercote Duo from Antalis. Founded by Kenyan-born Audrey Migot-Adholla, Yala takes the inspiration for its jewellery from modern Africa, combining traditional craft with 21st-century values. It is the first jewellery brand in the UK to be a Certified B Corporation, committed to treating people, communities and the environment respectfully, sustainably and ethically. It is important to Yala that every aspect of the packaging is as low impact and sustainable as possible, which is why they selected FSC®-certified Invercote Duo. Due to its strength, toughness and thickness, Invercote Duo is especially suitable for wine and spirits packaging and point of sale displays and is ideal for the packaging of luxury products such as Yala jewellery. Invercote Duo is manufactured by Iggesund at its mill in Sweden, which has been awarded Platinum for sustainability by Ecovadis, putting it in the top 1% off all 65,000 companies rated by Ecovadis.