*Net earnings of $165 million ($0.47 per diluted share); Adjusted operating earnings (non-GAAP) of $224 million ($0.64 per diluted share) *$75 million of earnings achieved from Building a Better IP initiatives, bringing year-to-date to $195 million, exceeding full-year targets *Cash provided by operations of $468 million, bringing year-to-date to $1.3 billion *Returned $160 million to shareholders in dividends, bringing year-to-date to $679 million in share repurchases and dividends *Completed the sale of our Ilim Joint Venture interest for $508 million

Ever since Complete Design & Packaging was established 22 years ago in Concord, NC, its business of producing custom corrugated packaging and point-of-purchase displays has flourished due to its excellent customer service, superior quality, and expert investment strategies in the latest technology, all to deliver solutions to its nationwide customers and give the firm a powerful competitive advantage. Its 100,000 sq ft manufacturing site will become even more formidable when Koenig & Bauer delivers its Allpro 145 folder gluer by the end of the year. “Quick turnaround time is key for our customers,” says Keith Furr, general manager at CDP. “We were finding that our post press department was becoming a bottleneck and getting congested as our company grew. We needed a new high speed folder gluer to allow us to respond to our customers’ demands. This acquisition will enhance our existing capabilities. As part of our ongoing dedication to our customers, this significant investment underscores our commitment to delivering the highest quality solutions and meeting the fast turnaround needs of our client base.”

Tredegar Corporation announced that it has agreed to sell its flexible packaging films business to affiliates of Oben Group for net debt-free base consideration of $116 million. Terphane, which solely comprises the flexible packaging segment reported by Tredegar, has approximately 500 employees with manufacturing sites located in Cabo de Santo Agostinho, Brazil and Bloomfield, New York, and headquarters located in São Paulo, Brazil, and exports to 29 countries. Tredegar expects to realize after-tax cash proceeds from completion of the transaction of $85 million after deducting projected Brazil withholding taxes, escrw funds, US capital gains taxes and transaction costs. Actual after-tax proceeds may differ from estimates due to possible changes in deductions during the potentially lengthy interim period (expected to be between 8 and 14 months) to the closing date. For the 12 months ended June 30, 2023, net sales and EBITDA from ongoing operations for Terphane were $152 million and $16.4 million, respectively.