Inteplast Group Releases 2021 Sustainability Report

Please be advised that KODIAKOOLER® will generally increase prices on all products effective January 31st, 2021. This decision did not come lightly as many factors contributed to the necessary change including: Increase costs of our raw materials; Increases in freight from our shippers and logistics; Increase cost and demand brought on by COVID-19; Increase costs of labor. Please be assured that KODIAKOOLER has made every effort to keep this increase to a minimum and will continue to monitor current situations that could affect future price structures.

Mondi, a global leader in sustainable packaging and paper, is investing over €16 million in its Krapkowice plant in Poland in response to demand for sustainable packaging from the eCommerce industry. Durable, lightweight as well as puncture and tear-resistant, Mondi’s MailerBAGs are cost-effective for customers to transport as they save space and weight. Available in a range of sizes, the bags are easy to open and close making them ideal for delivery and returns. Excellent printability also ensures brands can communicate their key messages to consumers easily. The Krapkowice plant is dedicated to the production of Mondi’s MailerBAGs, and based in Poland, is ideally located to serve the whole of Europe. This investment will more than double Mondi’s MailerBAG production capacity for 2023 in Poland and will include a new production line.

WestRock Company announced that it has entered into an agreement to acquire the remaining interest in Grupo Gondi for $970 million, plus the assumption of debt, representing an estimated implied enterprise value of $1.763 billion. Upon completion of this transaction, WestRock will further enhance its leading position in the growing Latin American containerboard, paperboard and consumer and corrugated packaging markets. Grupo Gondi operates four paper mills, nine corrugated packaging plants and six high graphic plants throughout Mexico, producing sustainable packaging for a wide range of end markets in the region. The tuck-in acquisition will provide WestRock further geographic and end market diversification as well as position the Company to continue to grow in the attractive Latin American market. "Acquiring the remaining interest in Grupo Gondi is the next strategic step in our broader North American paper and packaging expansion strategy," said David B. Sewell, chief executive officer of WestRock. "As onshoring continues to grow in the region, WestRock will be well positioned to meet this growing demand with fully integrated operations in Mexico. We will also have expanded capabilities to serve customers across many geographies, driving additional productivity and cost savings.”