WestRock Company announced that it has entered into agreements to acquire substantially all of the assets of Plymouth Packaging, Inc. (“Plymouth”). Plymouth is a corrugated packaging company that derives approximately 70% of its sales from its “Box on Demand” systems and corrugated fanfold, and 30% from traditional corrugated box packaging. Plymouth’s market-leading “Box on Demand” systems are located on the customer’s site and use fanfold corrugated to produce custom, on-demand corrugated packaging that is accurately sized for any product type according to the customer’s specifications. Fanfold corrugated is continuous corrugated board, folded periodically to form an accordion-like stack of corrugated material. Plymouth installs “Box on Demand” machines on its customers’ sites under multi-year exclusive agreements for the fanfold corrugated supply. Click Read More below for additional information.
2K30 includes real, measurable goals, close cooperation with Pregis partners, vendors and customers worldwide, and an open invitation for like-minded companies and individuals to join the company in doing better. The goal is to contribute to protecting and preserving the planet for generations to come. Working hand in hand with its network and forming new alliances, by the year 2030, Pregis will:
*Reduce its greenhouse gas emissions intensity by 25%
*Eliminate 1 million customer reshipments
*Save 15 million new trees from harvest
*Make 100% of Pregis products recyclable, reusable, or with a minimum 30% reduced reliance on new fossil-based ingredients
*Achieve 100% product and process waste reduction at Pregis facilities globally
*Invest $15 million in circular, scalable, and sustainable material, process and waste solutions globally
*Make a positive impact on 25 million lives
“Our mission at Pregis is to run our business in the most sustainable manner possible. Our ambitions for 2030, is to harness the power of individual contributions as well as collective collaborations between our employees, customers, supply chain partners and the communities in which we live and serve. In working toward these goals, we’ll continue to improve our footprint and reduce environmental burdens while making significant, positive contributions to people and society. Obviously, our ambitions don’t end in 2030 but will be continue and accelerate beyond, to help move our business, employees, customers and stakeholders toward a net carbon neutral future,” Clint Smith, senior director, global sustainability.
Pregis has also created the Pregis Purpose Awards to recognize and honor its channel partners who have exhibited the same dedication in making the world a better place through sustainability initiatives and practices, corporate stewardship and community improvement.