Graphic Packaging Completes Acquisition of Carton Craft Corporation

Every winery has a story to tell as unique as the wines it bottles. But, with more wineries in the Eastern U.S. and Canada than ever before, standing tall among the competition has never been more difficult. And the label material a winery uses is key in catching the consumer's eye. UPM Raflatac, one of the global leaders in the production of wine label materials, is pleased to announce it will be bringing its wine experts to the Eastern Winery Exposition in Lancaster, Pennsylvania from March 6-8. Winemakers and wine industry professionals are invited to stop by UPM Raflatac's set-up at booth 173 in the Lancaster County Convention Center to learn more about what the company's wine label materials can do to distinguish wine brands. Samples of wine label materials will be available as well. Click Read More below for additional information.

Metsä Board, a leading European producer of premium fresh fibre paperboards and part of Metsä Group, and the Finnish start-up company Esbottle have been jointly developing an ecological and appealing paperboard flute cup concept that meets the need to reduce the use of plastic. The newly designed paperboard cup is a stylish solution for celebration drinks, as well as lightweight and easy to transport and recycle. It can be personalised using traditional printing methods and special effects. Esbottle, based in Espoo, develops innovative, responsible and high-quality solutions for the beverage and food industry. The innovative shape of the paperboard cup is the result of collaboration between Esbottle and Metsä Board's packaging design team. The classic flute shaped design consists of two parts enabling the cup and base sections to be stored inside each other so they can be transported and recycled efficiently.

"Reflecting on my first year, I am proud of the International Paper team for embracing transformational change and achieving tremendous progress together," said Andy Silvernail, Chief Executive Officer. "We deployed 80/20, focusing on our most valuable customers and aligning our resources accordingly. We launched key initiatives to drive step-change improvement in our performance, and invested to grow in the most attractive markets. Most recently, we welcomed our DS Smith colleagues and outlined our strategic direction at our Investor Day." "This year's first quarter results reflect higher sales and earnings, primarily driven by the DS Smith acquisition, sales price increases, and cost out," Silvernail added. "We also made good progress on growing our market position in our North American packaging business. Overall market demand, however, was softer than anticipated in both of our regions. As expected, our free cash flow was temporarily impacted by transformation costs and incentive compensation payout. In this uncertain macroeconomic environment, we are focusing on actions within our control as we accelerate our 80/20 execution to drive commercial excellence and cost out across the company."