Fiscal Year 2017 Results: The net sales increase of $606 million is primarily attributed to acquisition net sales of $788 million and selling price increases of $60 million due to the pass through of higher resin prices, partially offset by a negative $136 million impact from a 2 percent base volume decline, $98 million from extra days in fiscal 2016, and a slightly negative impact from foreign currency changes. The operating income increase of $151 million is primarily attributed to acquisition operating income of $62 million, a $36 million decrease in Avintiv integration and restructuring costs, a $35 million decrease in selling, general and administrative expense related to synergies and cost reductions, a $24 million improvement in our product mix and price/cost spread, a $16 million decrease in depreciation and amortization, and a slight improvement in productivity in manufacturing. These improvements were partially offset by a $20 million impact from the base volume decline and $10 million from extra days in fiscal 2016. Click Read More below for additional information.

Metsä Board, the leading European producer of premium fresh fibre paperboards and part of Metsä Group, is delighted to announce that five cartons produced using its quality paperboards were selected as winners at the 2020 European Carton Excellence Awards at a virtual ceremony organised on 7th October. Metsä Board’s paperboard was used for the winner in the category of Food & Drink Packaging, Virgin Fibre, as well as for two Platinum Award winning cartons and for two Gold Award winning cartons. “The demand for packaging continues to grow and new, sustainable solutions as well as innovations are needed to replace fossil-based materials and to ensure circularity. Sustainability has become an integral part of packaging design,” says Maarten Florizoone, Sales Director, Converters Team at Metsä Board. “I am proud that Metsä Board’s ecological and recyclable paperboards were selected by our customers and partners for the five award winning packages, and I would like to congratulate all the teams behind the winning designs.” click read more below for details

International Paper, a leader in sustainable packaging solutions, has completed the acquisition of North Pacific Paper Company (NORPAC), a portfolio company of One Rock Capital Partners, for $360MM.  The acquisition brings together two strong teams, high-quality products, and a shared commitment to serving customers.  Adding NORPAC to the International Paper portfolio will enhance system flexibility and expand capabilities.  "We're proud to welcome the NORPAC team to International Paper and look forward to what we will accomplish together," said Tom Hamic, Executive Vice President and President, Packaging Solutions North America, International Paper. "NORPAC is a strong strategic fit for our business and expands our capabilities to support growing customer demand for lightweight high-performance packaging grades while improving service to our West Coast customers."