Ronpak Joins Two Sides

By joining the international alliance 4evergreen, Heidelberger Druckmaschinen AG (Heidelberg) is affirming it is fully committed to environmentally friendly products and technologies. Handling natural resources sustainably and continuously improving circularity, that is to say the circular economy, are key concerns in the growing packaging segment . Consumer demand for sustainable and fiber-based packaging solutions is increasing further still. As a leading partner of the folding carton industry, Heidelberg therefore supports the 4evergreen alliance’s holistic approach throughout the value chain for climate-friendly, green packaging in an enhanced circular economy. “Environmental protection and sustainability are global issues that are also becoming increasingly important in the print media industry,” says Heidelberg CEO Rainer Hundsdörfer. “For many years, Heidelberg has been promoting environmental and sustainability initiatives when developing and manufacturing machinery and units. We are also looking to drive forward and further improve options in terms of recyclability and the use of resources during production in the growing packaging segment,” he adds.

The storied C.J. Krehbiel Company (dba as CJK Print Possibilities), has been acquired by BR Printers of San Jose, California. Established in 1872, the fifth generation business owned by the Krehbiel family, has a long history of providing a personal touch to the printing, binding and mailing of four-color bound documents such as books, catalogs, manuals, weeklies and magazines. “CJK’s print and finishing capabilities extend and complement BR’s digitally enabled book manufacturing platform,” says Adam DeMaestri, President and CEO of BR Printers. “We look forward to collaborating with CJK leadership and employees.”

Highlights *Growth in adjusted operating earnings before depreciation and amortization(1) of 14.3% for the quarter, including an increase of 29.6% in the Packaging Sector. *Revenues of $680.4 million for the quarter ended January 28, 2024; operating earnings of $27.8 million; and net earnings attributable to shareholders of the Corporation of $13.9 million ($0.16 per share). "We had a solid first quarter despite persistently challenging market conditions," said Thomas Morin, President and Chief Executive Officer of TC Transcontinental. "This performance is largely attributable to cost reductions in line with our priorities and the profitability and financial position improvement program announced in December.