Appleton Coated today said that it has filed a voluntary state Chapter 128 petition for receivership to allow the company’s operations to continue under the supervision of a court-appointed receiver named by the Outagamie County Circuit Court. Company officials said the petition and appointment of a receiver will allow the company to continue operations under the direction of the receiver, who will lead a process aimed at selling the company’s assets to a buyer who will continue operations. “Despite the best efforts of our employees and ownership group and the introduction of new products, this step is the best option at this point,” said Doug Osterberg, Appleton Coated’s president and chief executive officer. “While the company has made significant progress in diversifying its product offerings and entering new markets, the overall business climate is very challenging, and operating under a state court-appointed receiver is the best route to transition the business to sustained profitability.” He said the company’s bank has agreed to fund operations during the receivership and that the business will continue to operate during the transition. He added the company will be able to pay salary and wages and fund benefits for current employees. Click Read More below for additional detail.
Sappi North America, a leading producer and supplier of diversified paper and packaging products, today announced the call for entries for its 2018 Ideas that Matter grant program, inviting designers to show the world how design – specifically print – can play an important role in changing lives for the better. Sappi established the Ideas that Matter grant program 19 years ago to fund designers who apply their creative talents to causes that address significant issues facing our society.
For nearly two decades, Sappi has witnessed firsthand how the creative and integrated work of designers can change society. Sappi remains committed to the belief that good ideas inspire people to take action, and great ideas change the world. Though many media choices are available, print is at the heart of influential and effective messaging and a perfect complement to promote positive social causes.
“I am continually impressed by the amazing projects that are submitted each year. Over the course of the Ideas that Matter program, Sappi has financed more than 500 charitable programs designed to better our lives, our communities and our planet,” said Patti Groh, Director of Marketing Communications, Sappi North America. “From national nonprofits to local community initiatives, the breadth, quality and impact of projects we’ve supported have made a meaningful difference in people’s lives across the globe. We’re honored to annually provide support for the work of designers and nonprofits who aim to drive social change through design.”
This year’s panel of judges include:
•Maurice Woods, Senior Experience Designer, Microsoft and Founder/Executive Director, Inneract Project
•Justin Ahrens, Principal and Creative Director, Rule29
•Jacinda Walker, Founder and Creative Director, designExplorr
•Terry Marks, Principal, tmarks
•Julia Zeltser, Creative Director and Principal, Hyperakt
Ideas that Matter Come to Life
Ideas that Matter is the only grant program of its kind in the paper industry and is a key part of Sappi’s corporate social responsibility efforts. Since 1999, the program has provided $13 million to support causes that change lives, communities, and ultimately, the planet.
The 2017 winners included Studio Usher for ProPublica; Smokefire Media for Center for Neighborhood Leadership; Jewel Clark for Creative Reaction Lab; The Vignelli Center for Design Studies at Rochester Institute of Technology (RIT); Urban Minds for 8 80 Cities; IDEO.org; Eastern Michigan University School of Art & Design for Riverside Art Center/Fly; Re-nourish for Prosperity Gardens, Inc.; Gala Narezo and Chantal Fischzang for Mawuni; and Dress Code for Vera Institute of Justice (VERA).
more at: https://www.sappi.com/sappi-north-america-opens-2018-ideas-that-matter-call-for-entries