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Label and Graphic Materials Segment: • Reported sales increased 11.8 percent. Sales ex. currency increased 4.2 percent; on an organic basis, sales grew 3.6 percent. Sales on an organic basis increased mid-single digits in Label and Packaging Materials and increased low-single digits in the combined Graphics and Reflective Solutions businesses. • Reported operating margin decreased 30 basis points to 12.3 percent, reflecting the impact of restructuring actions. Adjusted operating margin increased 20 basis points to 13.0 percent as the benefits of increased volume and productivity more than offset higher employee-related costs and the net impact of pricing and raw material costs. Click Read More below for additional information.
Irving Forest Products, which owns and operates wood processing facilities in Maine and New York State, will acquire the Masardis Sawmill in Masardis, Maine. The sale will close January 5, 2025. Previously owned by Groupe Lebel, the Masardis operation has a long history of producing random-length spruce and fir lumber. It currently employs 80 people and has the capacity to produce 115 million board feet annually. The sawmill is located within close proximity to Irving’s 1.3 million acres of timberlands in Maine. “We are excited to grow our lumber production capacity in the state of Maine,” said Jerome Pelletier, VP of Irving Forest Products. “The Masardis mill is well-located to access high-quality timber. It is also serviced by the Maine Northern Railway and benefits from having a team of highly skilled and dedicated employees who have worked together for decades to ensure the success of their operation.”
On Sept. 10, 2025, Voith broke ground on a multi-million-dollar project that will expand and modernize its roll service center in West Monroe, Louisiana – adding more than 20 new jobs and supporting the local economy.
In addition to expanding capacity, the investment into the facility will enhance logistical processes, supporting a faster and more seamless service experience for Voith customers. The size of the roll service center will increase by almost 50% – adding workspace as well as a dedicated training center to support the critical hands-on training of skilled trade experts in the industry.
The Voith facility offers a wide variety of roll services for customers who are in the papermaking industry. Services offered include operations and optimization of products; mechanical roll services such as rebuilds, grinding, balance and vibration analysis; roll coverings; roll and part replacements, as well as spreader roll rebuilds and repairs.