KapStone has accepted an offer from its pulp and paper workers union to return to work, the union announced late Friday night. Medical benefits will be restored Saturday, the first union workers should be back on the job Monday, and all union workers should be working again by Thursday, said Greg Pallesen, vice president of the Association of Western Pulp and Paper Workers. The action ends a strike that began Aug. 27, but returning to work does not mean the union is ratifying the contract that KapStone imposed after declaring an impasse in negotiations last month. In addition to outstanding contract issues, a host of unfair labor practice complaints have yet to be resolved.
Berry Global Group, Inc. (“Berry”) (NYSE: BERY), today announced that it has completed the acquisition of Laddawn, Inc., (“Laddawn”). Laddawn is a manufacturer of blown polyethylene bags and films with a unique-to-industry e-Commerce sales platform at www.Laddawn.com. Laddawn has a proven track record in delivering strong organic growth generating over $145 million of net sales for the twelve months ended July 31, 2018. Laddawn has 380 employees with five manufacturing sites spread across the United States.
“We are extremely excited with what Laddawn’s proven web and mobile sales platforms will bring to our Engineered Materials portfolio, as well as, the possibility to expand these platforms to include other Berry products,” said Tom Salmon, Chairman and CEO of Berry. “We believe Laddawn’s highly-technical online capabilities will support immediate growth, via this e-Commerce platform, to assist in quicker customer response times and small order fulfillments for the faster growing small and medium sized customer base. The combined Laddawn and Berry custom film product portfolio will provide a vast range of product offerings to thousands of valued customers further strengthening our core films business.”