DS Smith will acquire Corrugated Container Corporation (CCC), for an undisclosed amount, to boost its box-making capacity.
It will acquire four CCC facilities in North America in Tennessee, North Carolina and two sites in Virginia, which employs more than 190 people.
more detail at: https://www.confectionerynews.com/Article/2018/05/23/DS-Smith-to-acquire-Corrugated-Container-Corporation
Related Posts
Coca-Cola Turkey has launched its summer promotional range, making unprecedented use of thermochromic inks to add color, function and fun to ten new aluminium beverage can designs. Historically, one or two thermochromic inks have been combined to communicate temperature changes. For the first time, Coca-Cola Turkey is using thermochromic ink technology as a true decorative tool, making it an integral part of how the can looks. Four separate inks have been used to create bright designs that stand out when the cans are chilled and the drinks ready for consumption. The designs featured on Coke Red and Coke Zero beverage cans all have summer themes, ranging from ice cubes and palm trees to sandals and sailing boats. The images are colourless at ambient temperature and change to colourful patterns when the drink is chilled and ready for consumption. Click Read More below for additional information.
Aptar has again achieved the Platinum level rating in recognition of its sustainability efforts from EcoVadis. The Platinum rating places Aptar among the top 1% of the more than 90,000 companies rated by EcoVadis across all industries. “We are extremely proud to once again achieve Platinum status from EcoVadis due to our continued progress in key sustainability areas of environmental stewardship, labor and human rights, ethics and sustainable procurement,” said Stephan B. Tanda, Aptar President and CEO. “This recognition reflects our shared values: to act ethically and responsibly, to foster a diverse team and capitalize on this strength, to care for each other and our planet, to source renewable energy, and to further a circular economy where packaging is reused and recycled.”
Second Quarter Highlights *GAAP: Net sales of $3.1 billion; Operating income of $208 million; Earnings per share of $0.98 *Second quarter volume and earning results in-line with expectations; Strong April volumes provides confidence for low-single digit volume growth outlook in 2H *Increased cost savings program target by 18% or an additional $25 million *Continued progress in portfolio optimization with two divestitures closed; proceeds could exceed $2 billion in cash from strategic divestitures over the next year ($1 billion from previously announced merger and $1 billion from future portfolio optimization opportunities)