Net Sales increased 35% to $1,530.0 million in the third quarter of 2018, compared to $1,137.6 million in the prior year period. The $392.4 million increase was driven by $352.7 million of revenue from the SBS mill and foodservice assets, $28.2 million of improved volume/mix related primarily to acquisitions, and $17.6 million of higher pricing. These benefits were partially offset by $6.1 million of unfavorable foreign exchange. EBITDA for the third quarter of 2018 was $282.7 million, or $98.6 million higher than the third quarter of 2017. After adjusting both periods for business combinations and other special charges and credits, Adjusted EBITDA increased 36% to $256.3 million in the third quarter of 2018 from $188.3 million in the third quarter of 2017. Click read more below for additional detail.
ePac Flexible Packaging is adding another location to its list of plants dotted across the United States. With a focus on short and medium runs, ePac is making its name as a great option for local and smaller businesses who may be disadvantaged by other printers’ minimum order requirements.
The key to ePac’s quick turn around and customization abilities lies within its digital printing process. This technology allows ePac to fill orders at a fast pace while still supplying its customers with high-grade products, such as the following: • Rollstock • Stand-up pouches • Lay-flat pouches
All packaging is produced with photo-quality graphics.
The opening of ePac’s Atlanta location marks a partnership between F&S Capital, ePac Holdings and Windell McGill, who will act as managing partner. This plant will open in early 2019 and is currently taking orders.
Digital printing is a burgeoning technology with many advantages to offer businesses of any size. With more plant opening to come, the opportunities are sure to grow.