The starting point was to study some of the commonest packaging types and compare the differences in climate impact depending on the choice of packaging material. “There are tables giving carbon dioxide emissions per kilo of material, but when you compare real examples of packaging, you realise the great importance of the choice of material,” comments Johan Granås, Sustainability Director at Iggesund Paperboard. “Plastic is a fantastic material for many applications and we use it ourselves when producing paperboard for food packaging that needs a thin plastic barrier to protect its contents,” he adds. “But we believe that decision makers in the packaging industry must know about the effects of their choice of material.” Packaging light bulbs in plastic or paperboard respectively is the most extreme example in the survey. By switching from plastic to paperboard, it is possible to reduce the climate impact of the packaging by 99 per cent. Click read more below for additional detail.
Cascades Inc. (TSX: CAS), a leader in the recovery and manufacturing of green packaging and tissue products, is pleased to announce the acquisition of assets, all located in the United States , which will allow the company to double its production capacity of ecological packaging manufactured in moulded pulp. The total cost of the transaction amounts to US$37 .4 million. The effective date of the transaction is today.
The acquired manufacturing plants are Urban Forest Products and Clarion Packaging respectively located in Brook, Indiana and Clarion, Iowa ; two of the top three egg-producing states in the U.S. The plants manufacture moulded pulp protective packaging that primarily serves the egg and quick service restaurant industries and have a combined workforce of just over 150 employees. Cascades also acquired a majority interest in Falcon Packaging, a leader in the distribution of egg packaging which has 31 employees in Ohio , Iowa and Georgia . Combined, these three companies have consolidated sales that exceed US$110M annually.
“These acquisitions give us the opportunity to improve Cascades’ position in the strategic fresh protein and food services packaging markets. They are also in line with our objective to expand our moulded pulp activities, which produce a recycled, recyclable, compostable and biodegradable packaging product that offers highly interesting opportunities against a backdrop of expanding interest in the circular economy. The value of this transaction is in line with current Cascades trading multiple and will be accretive to net earnings”, said Mario Plourde, Cascades President and CEO.
Luc Langevin, President and Chief Operating Officer of Cascades Specialty Products Group, added, “The quality of the acquired assets and their complementary geographical positioning with our existing plants that manufacture moulded pulp packaging will allow us to improve the service we provide to our customers, and support our innovation initiatives. With four moulded pulp plants efficiently spread out across North America, Cascades will build synergy, improve the distribution of production volumes, and allow certain sites to specialize. By doubling our production of moulded pulp packaging, today’s announcement underlines our commitment to continue growing our presence in the green packaging market.”