“We are excited to highlight our breadth of capabilities that enable us to collaborate, innovate, and most importantly, support our customers’ customers,” said Shae Hinman, Director of Sales, Americas, Mativ. “This collective display is a tremendous opportunity for us to show customers how our suite of solutions helps to connect, protect, and purify our world.” Mativ’s label solutions are aligned under the brands of Indafor, Itasa and Neenah and support a wide range of applications, including high performance labels that stand up to the harshest environments, disposable and efficient food rotation labels, premium image wine and spirit labels, and a broad array of release liner products that serve end markets such as hygiene, industrials and composites.

Net sales were $1.8 billion in the first quarter of 2023, up compared to $1.7 billion in the prior year period primarily due to higher selling prices. Sales volume (in tons) was down 8 percent which was partially offset by favorable change in mix. Approximately 3 to 4 percent of the volume decline was attributed to a challenging prior year comparison (up 6.4 percent) amid record low inventories and disruption from temporary external events impacted volumes around 2 percent. Overall, the company estimates underlying market demand was down approximately 2 to 3 percent primarily due to inventory destocking across the supply chain and softer consumer demand in a few markets given macroeconomic uncertainty. Earnings before income taxes were $270 million in the first quarter of 2023, up $100 million compared to the prior year quarter. Likewise, segment operating profit was $398 million in the first quarter of 2023 compared to $231 million in the prior year period.

The Flexible Packaging Association and the American Forest & Paper Association are among the plaintiffs seeking a preliminary injunction to block enforcement of SB 343 come October. The lawsuit comes just over six months out from an Oct. 4, 2026, go-live date for SB 343. The law will prohibit the use of chasing arrows or other recyclability symbols on products and packaging unless specific criteria are met, including that a product or packaging is accepted for collection by programs collectively serving at least 60% of the the state’s population.