MM supports its employees in Ukraine and their families with a comprehensive program in kind and financially. MM donates EUR 150,000 to Caritas, Red Cross and other humanitarian aid organizations in Ukraine. MM has stopped all carton deliveries to Russia. MM is Europe's leading producer of cardboard and folding boxes with an attractive range of Kraft Papers and Uncoated Fine Papers. The focus is on sustainable and innovative fiber-based packaging solutions. Including the most recent acquisitions, MM generates sales of around EUR 3.2 billion and employs around 12,500 people.

At Pratt Industries, we take a holistic approach with our customers to look beyond basic packaging needs to develop vertically integrated, sustainable solutions to help protect, transport and drive sales for our customers’ products. To do this, we employ an extensive network of highly skilled experts who apply the knowledge they’ve gained from various industries to utilize best practices, reduce operational costs and improve efficiencies. Below are a few examples of how Pratt was able to assist our customers in creating beyond the box solutions for their organizations. Partnering with our Value Improvement Program (VIP) team, a customer was able to reduce costs across its operations, including material, pallets, warehouse and freight. Pratt experts partnered with the customer to evaluate packaging, shipping and storage requirements for nearly 200 items. The Pratt team then performed tests to understand how changing containerboard grades, packaging dimensions and pallet configuration affected the items and overall supply chain costs. Based on these studies, Pratt recommended using less corrugated material more efficiently and optimizing the balance of case stacking on pallets. The result was more cases per pallet layer and a reduction in truckloads to create substantial savings in material, warehousing and freight.

Silgan Holdings Inc. a leading supplier of sustainable rigid packaging solutions for consumer goods products, announced today that it has concluded a settlement with the European Commission to end a long-running investigation of Silgan's metal packaging operations in Europe. This investigation was started in 2015 by the German antitrust authority and was transferred in 2018 to the European Commission only after the German antitrust authority determined it would be dicult for it to impose nes under German law. As part of the settlement, Silgan has agreed to pay a ne of €23,852,000 to put an end to the investigation, although Silgan does not fully concur with the facts and legal qualications put forth by the European Commission. The European Commission has agreed to fully close its investigation and not proceed any further with respect to this matter.