Berry Plastics Group, Inc. completed the previously announced acquisition of AEP Industries Inc. “We are extremely excited to complete the acquisition of AEP and to welcome the AEP team to the Berry Plastics organization,” said Jon Rich, Chairman and CEO of Berry Plastics. “The acquisition of AEP has given us the opportunity to expand the breadth of product offerings and production capacity within our Engineered Materials Division, enabling us to better serve our customers. Moreover, we anticipate opportunity for significant value creation for our shareholders, as we realize synergies in both our operations and in our materials procurement.” click Read More below for additional detail
As previously informed, the Finnish Paper Workers’ Union, together with some other trade unions in Finland, started a three-week strike on 27 January, impacting Finnish forest industry and all Stora Enso’s operations in Finland, including Anjala, Oulu and Veitsiluoto mills.
We regret to inform that no resolution has been found yet in the negotiations between the trade unions and the Finnish Forest Industries. In fact, the unions have decided to extend the strike until 24 February 2020. The negotiations to resolve the issues will continue also during the strike, and the next meeting between the parties is scheduled for today, 3 February.
Stora Enso will do its utmost to serve its customers. However, the strike is a force majeure situation and may cause delays to customer deliveries from Finland. Impacts on customer deliveries are continuously under review and we will keep you informed through your normal contacts in our Sales and Customer Service Centres.
We deeply regret any disturbance created to our customers and we will do our best to minimize any negative impact.
We continue to monitor the situation closely and will keep you informed of further developments.