Silgan Holdings Inc. announced that it completed its acquisition of the dispensing business of the Albéa Group. This business is a leading global supplier of highly engineered pumps, sprayers and foam dispensing solutions to major branded consumer goods product companies primarily in the beauty and personal care markets. It operates a global network of 10 plants across North America, Europe, South America and Asia. This business generated sales of approximately $395 million in 2019. The purchase price for this acquisition was $900 million, subject to adjustments outlined in the purchase agreement for this acquisition. The Company funded the purchase price for this acquisition and related costs and expenses through term and revolving loan borrowings under its senior secured credit facility, including a $900 million delayed draw term loan.

Novolex® today announced two coveted achievements for its new compostable butter wrap: the 2025 Gold Award for Sustainability from the Flexible Packaging Association (FPA), and certification as compostable in commercial facilities by the Biodegradable Products Institute (BPI). Manufactured by Novolex company Shields®, the new TerreGloss™ and Terrecote™ butter wraps seamlessly blend performance and sustainability to meet the needs of both consumers and dairies alike. “We are incredibly proud to earn FPA’s Gold Award for Sustainability and BPI’s certification for our butter wrap,” said Adrianne Tipton, PhD, Chief Technology Officer at Novolex. “At Novolex, we are dedicated to making exceptional products, advancing sustainability and offering a wide range of innovative packaging choices. These achievements reaffirm our commitment to pioneering the best in packaging solutions.”

Huhtamaki is separating the Fiber Foodservice Europe-Asia-Oceania business segment into two distinct business segments, Fiber Packaging and Foodservice Europe-Asia-Oceania. The change is expected to take effect as of April 1, 2025, at the latest. “We are separating our Fiber Foodservice business into two distinct business segments to empower our teams to serve our customers more efficiently. This strategic move positions us for profitable growth by giving accountability to the businesses and increasing speed of execution in a changing business landscape. It will support our goal of being the first choice in sustainable packaging", says Ralf K. Wunderlich, President and CEO of Huhtamaki. The business segments were integrated in 2020. In external reporting the businesses have continued to be reported separately, and this change will not impact external reporting.​ Combining the businesses in 2020 has achieved the initially projected synergies and built foundations for growth by seizing promising market opportunities.