Sappi achieves PEFC Group Scheme certification for small growers

Silgan Holdings Inc. announced that it completed its acquisition of the dispensing business of the Albéa Group. This business is a leading global supplier of highly engineered pumps, sprayers and foam dispensing solutions to major branded consumer goods product companies primarily in the beauty and personal care markets. It operates a global network of 10 plants across North America, Europe, South America and Asia. This business generated sales of approximately $395 million in 2019. The purchase price for this acquisition was $900 million, subject to adjustments outlined in the purchase agreement for this acquisition. The Company funded the purchase price for this acquisition and related costs and expenses through term and revolving loan borrowings under its senior secured credit facility, including a $900 million delayed draw term loan.

Net sales for the second quarter of 2020 were $1.25 billion, down 8.4 percent from last year's second quarter sales of $1.36 billion. The sales decline was driven by lower volume/mix, a stronger U.S. dollar and lower selling prices. These negative impacts were partially offset by increased sales from acquisitions. GAAP net income attributable to Sonoco in the second quarter was $55.2 million, compared with $81.2 million. Second-quarter GAAP earnings included net after-tax non-base charges totaling $24.9 million, $16.7 million of which were related to operational restructuring activities primarily related to capacity reductions in the Company's North America paper mill network. Gross profit was $248.0 million in the second quarter compared to $275.3 million in the same period in 2019.

The Regional State Administrative Agency for Western and Inland Finland has given public notice of the environmental permit application filed for the Kaskinen paperboard mill of Metsä Board, part of Metsä Group, on 6 October 2023 The permit applications will be available for public statements and comments for 37 days at https://ylupa.avi.fi/fi-FI The mill project’s environmental impact assessment process ended on 22 September 2023 when the South Ostrobothnia Centre for Economic Development, Transport and the Environment issued its reasoned conclusion. Metsä Board initiated pre-engineering for the new paperboard mill in Kaskinen in the autumn of 2022. Planning is based on fossil free production and world-class resource, production and environmental efficiency. Metsä Board estimates that any investment decision will be made in 2024 at the earliest.