Berry Global and Glatfelter Announce Plans for Tax-Free Spin-Off and Merger of Berry’s Health, Hygiene and Specialties Global Nonwovens and Films Business with Glatfelter

The products Koehler NexPlus® OGR and Koehler NexPlus® Wrap now not only do without the use of fluorochemicals, but also without the use of acrylate. This makes them the sustainable, environmentally friendly alternative to the packaging paper previously used in the fast food sector. With Koehler NexPlus® OGR and Koehler NexPlus® Wrap, Koehler Paper, a leading provider of paper with a disruptive barrier function for packaging solutions, has developed its fast-food paper further and brought it more into line with customer demand for sustainability. These products are now not only made without the use of fluorochemicals, as they have always been, but also without the use of acry-lates, making them a sustainable and environmentally alternative to the packaging paper currently used in the fast-food sector.

Graphic Packaging Holding Company (NYSE: GPK), today announced that its wholly owned subsidiary, Graphic Packaging International, Inc., will close its coated recycled paperboard mill in Santa Clara, California by year end. This decision was made as a result of a thorough assessment of the facility's manufacturing capabilities and associated costs in the context of the Company's overall mill operating capability. The closure will affect approximately 120 employees.

Packaging Corporation of America reported second quarter 2021 net income of $207 million, excluding special items. Second quarter net sales were $1.9 billion in 2021 and $1.5 billion in 2020. Commenting on reported results, Mark W. Kowlzan, Chairman and CEO, said, “Demand in our Packaging segment remained very strong. Our mills and plants continued to do an outstanding job of meeting our customers’ needs while managing through certain material and chemical availability issues, a tight labor market, various freight and logistics challenges, as well as the planned maintenance outages at four of our mills during the second quarter. The mills executed the planned outages extremely well and, with the help of the No. 3 machine at the Jackson Mill, provided our plants the necessary containerboard to achieve an all-time record for total box shipments. We were also able to build some much-needed inventory; however, our weeks-of-inventory supply was at a new low for this time of year ahead of an expected very busy second half. The sales groups in both the Packaging and Paper segments are doing a great job of implementing our previously announced price increases, and we continue to deliver on the numerous initiatives and capital projects to reduce costs and improve efficiencies across all of our mills and corrugated products plants. These efforts are extremely important as we continue to experience significant cost inflation across the Company as well as logistics challenges with both our inbound and outbound freight needs.”