CEO Peter Konieczny said: "Amcor delivered a solid second quarter result aligned with the expectations we set out in October, giving us the confidence to again reaffirm our guidance for the fiscal year. We continued to execute well on our underlying business, delivering our fourth consecutive quarter of sequential volume improvement. Margins continued to expand, supporting adjusted EBIT and EPS growth of 5% on a comparable basis for the quarter." “We also announced the next transformational step for Amcor, agreeing to combine with Berry Global. Bringing these two companies together will deliver on our strategy to become an even stronger company with accelerated volume-driven organic growth achieved through an unwavering focus on our customers, sustainability and portfolio mix. The combined company will have enhanced positions in attractive categories, the material science and innovation capabilities required to further revolutionize product development and a broader, more complete portfolio of primary packaging solutions for consumer and healthcare customers. With faster growth and $650 million of identified synergies, this combination will drive significant near and long term value for all shareholders. The path to completion is well advanced and we remain on track to close in mid calendar year 2025.”

UPM Specialty Papers and Fazer have jointly developed a new type of packaging for Fazer's Oat Rice Pies. Traditional plastic laminated packaging paper has been replaced with an innovative paper solution, which is easier to recycle and does not compromise the protection it provides the rice pies inside. The award-winning packaging has been recognized in the WorldStar, ScanStar and New Wood competitions and can already be found in the chill food aisles of Finnish supermarkets. The new Fazer Oat Rice Pie packaging is in line with both Fazer's Sustainable Packaging Vision and UPM's Biofore strategy. The new packaging solution is the result of more than two years of long-term development work to ensure the recyclability of the packaging without compromising food safety and the quality of the rice pies.

Green Bay Packaging Inc. has acquired Third Dimension Inc., a packaging company based in Geneva, Ohio. The acquisition went into effect Oct. 1. Third Dimension is focused on corrugated packaging innovation, molded foam packaging and four-color digital printing. The company was founded in 1991 by Louis DeJesus and Jeanette DeJesus. The company has facilities in Geneva and Middlefield, Ohio, and services customers in Ohio, Virginia and Kentucky. “The acquisition of Third Dimension is a great fit for Green Bay Packaging. This acquisition gives us the opportunity to grow our business in several states,” says Will Kress, president and CEO of Green Bay Packaging. “Third Dimension has the perfect culture, workforce and strong leadership that fit the GBP model and we look forward to expanding their business and facilities.”