The winner of the UPM Raflatac Label Life Awards 2016 is Dow Packaging and Specialty Plastics, a business of The Dow Chemical Company. The UPM Raflatac Label Life Awards recognize strong performance in responsible sourcing from the company's suppliers. The awards are dedicated to suppliers who develop sustainable business practices which are safe and friendly for the environment and beneficial to society. Dow was one of four Label Life Awards finalists that were faced with a round of rigorous questioning from jury members during the event hosted at UPM Raflatac's Wroclaw factory in Poland. The other finalists were DRT, Henkel and Mondi. As was the case last year, the competition entries were of a high standard and evenly balanced.
DS Smith is pleased to announce it has reached an agreement for the proposed sale of two packaging businesses in North Western France and Portugal to International Paper (NYSE: IP) for €63 million (c. £54 million).
The sales would fulfil the commitment made to the European Commission in relation to the clearance of DS Smith’s acquisition of Papeles y Cartones de Europa, S.A., known as Europac, which completed on 22 January 2019.
Completion of the sales is subject to customary closing conditions including works council consultation and regulatory approvals and expected to take place in the first half of our FY 19/20.
Miles Roberts, Group Chief Executive, said “I am delighted that we are on track to meet our commitment to the European Commission with both an attractive price and a good home for the businesses in International Paper.”