Marlish Waters, a U.K.-based family-run farm diversification business, is packaging its delicious still and sparkling spring water in beverage cans from Crown Bevcan Europe & Middle East (Crown). Derived from a completely sustainable resource that is naturally replenished by rainwater that falls on the Northumbrian hills, Joe Evans and his cousin and co-owner Elizabeth Walton saw a unique opportunity for a regional independent brand in the burgeoning canned water sector. The result is an enviable model for how a sustainably made product and mission driven company can go to market. With support and guidance from Crown, Marlish has introduced five spring water products in beverage cans with another launching in January 2020. Marlish Farm has been abstracting its natural spring water for over 80 years, initially using it for its own daily operational needs. As the family farm evolved over time and the conversation around sustainability heated up, Joe and Elizabeth became passionate about sharing their spring water with the world and simultaneously taking a stand against non-sustainable packaging.
Stora Enso has signed an agreement to divest its offset printed micro-flute packaging plant in Komárom, Hungary to Van Genechten Packaging International S.A., a leading Belgian packaging company.
The initial cash consideration for the divestment of the shares is approximately EUR 12 million, subject to customary closing day adjustments. The transaction has no material income statement impact and is expected to be completed within one month.
“There have been major changes in the Komárom plant’s customer base, making the plant no longer strategic to Stora Enso. I believe that a new, solid, international owner can give the company the attention it deserves and develop it further in the new situation,” says Gilles van Nieuwenhuyzen, Head of Packaging Solutions division.
Based on 2014 annual figures, the divestment is expected to reduce Stora Enso’s annual sales by EUR 14 million and simultaneously decrease the annual corrugated packaging converting capacity by approximately 15 million m2. The Komárom plant employs approximately 90 people.