Net sales for the second quarter of 2017 were $1,021.8 million, an increase of $147.2 million, or 16.8 percent, as compared to $874.6 million in 2016. This increase was the result of the acquisition of Dispensing Systems in April 2017 and higher net sales across all of the businesses. Income from operations for the second quarter of 2017 was $75.2 million, an increase of $7.5 million, or 11.1 percent, as compared to $67.7 million for the second quarter of 2016, while operating margin decreased to 7.4 percent from 7.7 percent for the same periods. The increase in income from operations was the result of the net benefit from the acquisition of Dispensing Systems and higher income from operations in each of the businesses. The decrease in operating margin was due primarily to the negative impact from the purchase accounting write-up of inventory of Dispensing Systems and acquisition related costs in the quarter. Rationalization charges were $3.0 million and $5.0 million in the second quarters of 2017 and 2016, respectively. Click Read More below for additional details.

Amcor, a global leader in responsible packaging solutions, has partnered with Insymmetry® to develop an innovative 2oz retort bottle, addressing growing demand for durable, shelf-stable packaging. Designed to meet the needs of brands seeking high-performance packaging for low-acid, shelf-stable products like coffee and dairy-based beverages, this breakthrough packaging solution is the first to leverage Amcor Rigid Packaging’s (ARP) proprietary StormPanel™ technology. Designed to withstand high-pressure retort sterilization processes while maintaining product integrity and market-ready aesthetics, the bottle provides manufacturers with a reliable and scalable alternative to aseptic processing. Stellify™, a beverage brand owned by Insymmetry®, is the first company to take advantage of this StormPanel™ technology with their energy nootropic Dulce de Leche Energy and Espresso Energy wellness beverage shots, which will be spotlighted at Natural Products Expo West 2025.

American Packaging Corporation has announced that it's opening a new 275,000-square-foot Center of Excellence manufacturing facility in Cedar City, Utah. The new operation will add over 135 high-paying jobs to Iron County. APC purchased the land in October 2021 and officially broke ground on February 8, 2022, during a groundbreaking ceremony with civic leaders and company officials. The new facility is expected to open and be fully operational in June 2023, and will include flexographic printing presses, laminating, preformed pouching and finishing equipment. APC will hire 75 new APC team members as part of phase one, with career opportunities in manufacturing, production, engineering and administration.