The Fedrigoni Group and Mohawk Fine Papers, Inc. have entered into a manufacturing agreement to expand the reach of their specialty papers globally. Shared core values of craftsmanship, innovation, and sustainability make this a natural and valuable opportunity for both organizations. The Fedrigoni Group is the first global player in the manufacture of high added value specialty papers for luxury packaging and other creative applications and world leader in premium labels and self-adhesive materials. Mohawk, founded in 1931, is family owned and operated, manufacturing some of the world's most recognized specialty papers for designers, consumer brands, and printers. Mohawk's early innovation in digital printing and sustainability secured its leadership position in these two significant growth sectors. “The agreement with Mohawk is a further element in our growth strategy in a market with excellent prospects such as specialty papers, especially for luxury packaging, where we intend to consolidate our global primacy. Many synergistic opportunities are also present for our selfadhesive materials division, which will expand its leading position in premium labels for the wine market in the US", comments Marco Nespolo, CEO of Fedrigoni Group. "This is an important step forward to reinforce our geographical penetration in the United States, where we will directly produce and distribute high value-added papers, leveraging all possible industrial and commercial synergies with our Group. We will also better support the ESG strategies of our clients, especially those in the luxury sector by giving them the option of moving to near shoring rather than global purchasing”.

Drytac, the leading international manufacturer of self-adhesive materials for the large-format print and signage markets, is delighted to announce its Polar Grip Air white polymeric self-adhesive vinyl with air release technology will soon be offered to markets outside North America. Polar Grip Air was first rolled out in mid-2023, with the initial focus being on the North American market. However, following strong uptake over the past 18 months, Drytac will now make the product available to customers around the world. Built on the same technology as Drytac Polar Grip, Polar Grip Air differs by offering even easier installation, thanks to Drytac’s innovative bubble-free adhesive technology. The vinyl features a high-coat weight grey adhesive and allows users to permanently apply graphics onto many surfaces including metal, plastic, wood, glass, brick and more.

Notable items include: *Record second quarter North American per day box shipments up 5.5% compared to the prior year quarter *Successfully implementing published PPW price increases across all major paper grades *Quarterly dividend of $0.24 per share declared by Board of Directors, an increase of $0.04 per share, or 20%, as separately announced *Net sales of $4.4 billion, flat to the prior year quarter despite $189 million of lost sales due to the impact of the ransomware incident and winter weather (“the Events”) *The lost sales and operational disruption from the Events had a negative impact of $80 million pre-tax, or $0.23 per share, on both earnings per diluted share and Adjusted Earnings Per Diluted Share