Pregis, a leading global manufacturer of protective and flexible packaging solutions, has acquired Danco Converting, Carol Stream, Illinois, from its privately-held owners. As Pregis continues to grow its manufacturing footprint, both organically and through acquisition, bringing Danco’s paper converting capabilities and diverse offering into its portfolio will further enhance the company’s vertical integration strategy. Further, the paper converting acquisition is another demonstration of Pregis’ commitment to its previously announced 2K30 sustainability objectives. For more than a decade, the company has brought to the marketplace a portfolio of products that address environmental concerns, as well as deliver protective attributes critical for damage-free delivery of products to consumers. The Danco acquisition will enable Pregis to add complementary curbside recyclable products to its offering and support the explosive demand for paper solutions.

International Paper and DS Smith Plc announced that they have reached agreement on the terms of a recommended all-share combination (the "Combination"), creating a truly global leader in sustainable packaging solutions. The terms of the Combination value each DS Smith share at 415 pence per share1, and will result in IP issuing 0.1285 shares for each DS Smith share, resulting in pro forma ownership of 66.3 percent for IP shareholders and 33.7 percent2 for DS Smith shareholders, implying a transaction value of approximately $9.9 billion3. The Combination is expected to close by the fourth quarter of 2024. "Combining with DS Smith is a logical next step in IP's strategy to drive profitable growth by strengthening our global packaging business," said Mark S. Sutton, Chairman and CEO of IP. "DS Smith is a leader in packaging solutions with an extensive reach across Europe, which complements IP's capabilities and will accelerate growth through innovation and sustainability. We are confident this combination will drive significant value for our employees, customers, and shareholders."

Developed in collaboration with Megaflex Schaumstoff, a family-owned manufacturer for flexible foams, mattresses and sleeping products, Protector Bag ExpandForm replaces the current plastic packaging for mattress rollpacking with a flexible and recyclable paper bag solution. The innovative packaging not only helps to reduce plastic waste but also ensures optimal product protection and handling during the transportation and storage of rolled mattresses. Its unique design and superior strength provide secure packaging that retains its shape and protects the mattresses throughout the transport journey. The great partnership between Mondi and Megaflex Schaumstoff ensured a smooth transition, and implementation of the new solution, with only a few adjustments to the packaging machinery. By the end of 2023, Megaflex plans to switch its entire range of mattress rollpacking to paper packaging, which is already used for instance by Bett1 to package its kids’ mattresses.