Superior Court of Québec Grants Final Order to Intertape Polymer Group Inc. Approving the Arrangement with an Affiliate of Clearlake Capital Group, L.P.

Monadnock Paper Mills, Inc. (MPM), a family-owned manufacturer that delivers high-performance specialty papers for the technical, packaging and printing markets, today announced its Kona® portfolio of packaging substrates that is made with non-wood fiber from used burlap bags diverted from the landfill. Monadnock entered an exclusive licensing agreement with Arch Paper LLC and Whiting Paper Company for the production of a range of Kona paper and board products. Under a patented process, Monadnock is incorporating reclaimed burlap coffee bean bags into a variety of print and packaging substrates for the retail and hospitality markets. The roasted shades and variegated fibers impart a beautiful and natural aesthetic that is smooth to the touch and pleasing to the eye. Monadnock's Kona line includes stocks for hang tags, price tickets, folding boxes and wet-strength labels. They are all Forest Stewardship Council Certified and are manufactured carbon-neutral using Green-e certified renewable electricity. Click Read More below for additional information.

According to its 17th Sustainable Development Report published today, Smurfit Kappa has achieved its targets on: *Waste: achieving a 35.8% reduction in waste sent to landfill, ahead of its 2025 target of 30% (24% in 2022) *Forestry: achieving 95.5% of packaging sold with Chain of Custody certification, ahead of its 2025 target of 95% (94.3% in 2022) *Communities: €25.6 million donated to support social, environmental and community initiatives, ahead of its 2025 target of €24 million (€18.4 million in 2022) *Diversity: 25.1% of management positions were held by women at the end of 2023, ahead of its 2024 target of 25% (23.5% in 2022).

The net sales growth is primarily attributed to increased selling prices of $533 million due to the pass through of inflation, organic volume growth of 5%, and a $147 million favorable impact from foreign currency changes. These increases were partially offset by prior quarter divestiture sales of $62 million. The organic volume growth was primarily due to organic growth investments and continued recovery of certain markets that had previously been facing COVID-19 headwinds. The operating income decrease is primarily attributed to a $42 million unfavorable impact from price cost spread, and a $12 million increase in selling, general, and administrative expense, partially offset by a $24 million increase from the organic volume growth, and a $23 million favorable impact from foreign currency.