The American Forest & Paper Association (AF&PA) today released preliminary 2021 data from U.S. paper and paperboard mills indicating record containerboard production, the material used to make cardboard boxes. The preliminary data indicates total containerboard production in 2021 increased 5.6 percent compared to 2020, the ninth increase in the past 10 years. “Paper products and materials like containerboard help to meet the needs of consumers seeking sustainable choices,” said AF&PA President and CEO Heidi Brock. “These are some of the most-recycled materials in the United States – in fact, more paper by weight is recycled from municipal waste streams than plastic, glass, steel and aluminum combined.”
Transcontinental Inc. (TSX: TCL.A TCL.B) announced today that it has acquired H.S. Crocker Co., Inc., a manufacturer of die cut lids for the food industry and labels for the pharmaceutical industry. Primarily serving North American customers, with approximately 150 employees, H.S. Crocker operates two facilities, in Huntley, Illinois, and Exton, Pennsylvania. For the 12 months ending July 31, 2021, H.S. Crocker’s consolidated sales were around US$50 million.
“H.S. Crocker is a die cut lidding leader in North America, serving markets that are highly strategic for us,” said Thomas Morin, President of TC Transcontinental Packaging. “The integration of H.S. Crocker’s Huntley facility to our platform will broaden our packaging solutions portfolio, especially in the dairy, coffee lids as well as shelf stable and chilled desserts markets, and provide significant cross-selling opportunities with our respective customers. As for the Exton plant, it will allow us to expand our pharmaceutical and medical expertise in the advanced coatings product offering through the addition of value-added and specialized labels, while increasing our market share in the healthcare industry. We are also planning on leveraging the excess capacity within both H.S. Crocker’s facilities in order to support our organic growth. We wish to extend a warm welcome to all of H.S. Crocker’s talented employees.”
Mr. Ron Giordano, Chairman and CEO of H.S. Crocker since 1998, added: “We are truly proud and excited to join TC Transcontinental, a corporation with a successful 45-years history. We are inspired by the entrepreneurial spirit of its executives, their long-term growth vision, and the company’s strong set of values. We are confident that our combined and robust platform will continue to make H.S. Crocker thrive. Our unwavering focus on quality and solid expertise will reinforce TC Transcontinental Packaging’s presence in the lidding and label industries. I would like to take this opportunity to personally thank all of our loyal H.S. Crocker employees for their dedication and hard work over the years.”
This is TC Transcontinental’s ninth flexible packaging acquisition since entering the industry in 2014. TC Transcontinental Packaging is a leader in flexible packaging and advanced coatings with operations mostly in the United States, as well as in Canada, Guatemala, Mexico, Ecuador, the United Kingdom, New Zealand and China with about 3,900 employees. Its platform is now comprised of one premedia studio and 28 production plants specializing in recycling, extrusion, lamination, printing, coating and converting.