Fourth Quarter 2017 Highlights (as compared to fourth quarter 2016): • Revenue increased 13.1% to $237.4 million primarily due to additional revenue from the Cantech Acquisition (1), an increase in average selling price, including the impact of product mix, and an increase in sales volume. • Gross margin decreased to 22.8% from 25.6% primarily due to the non-recurrence of Insurance Proceeds (2). Gross margin in the fourth quarter of 2016 would have been 21.7% excluding the impact of the Insurance Proceeds. Fourth Quarter 2017 Highlights (as compared to fourth quarter 2016): • Revenue increased 13.1% to $237.4 million primarily due to additional revenue from the Cantech Acquisition (1), an increase in average selling price, including the impact of product mix, and an increase in sales volume. • Gross margin decreased to 22.8% from 25.6% primarily due to the non-recurrence of Insurance Proceeds (2). Gross margin in the fourth quarter of 2016 would have been 21.7% excluding the impact of the Insurance Proceeds. Click Read More below for additional information.

David Timm, president of Pregis’ performance flexible operations, has established several pivotal roles focused on creating a whole new customer experience model. These include: Russ Joseph, vice president of sales; Beth Scherpenberg, vice president of sales operations; Chad Perre, vice president of technology, and Jonathan Quinn, director of market development and sustainable flexible packaging. In their respective positions, the team will be responsible for delivering operational excellence, gold standard customer service and performance-oriented, customer-driven solutions with sustainability at the forefront.

Mondi, a global leader in sustainable packaging and paper, is launching the latest addition to its popular portfolio of sustainable pre-made plastic bags - FlexiBag Reinforced: a range of innovative mono-PE-based, recyclable packaging solutions with improved mechanical properties. Contributing to a circular economy, the FlexiBag Reinforced range is recyclable where collection facilities and recycling systems for PE films are in place. The bags have been created in-house by Mondi, leveraging its integrated value chain. This means the solutions can be tailored to different customers’ specific needs more cost-effectively. Improved mechanical properties make the bag superior to previous versions – better puncture resistance, stiffness and sealability are guaranteed. The level of barrier protection can be adjusted, providing medium to high barriers against fat, oxygen and moisture while keeping the content fresh - making it ideal for the pet food industry. With FlexiBag Reinforced, Mondi proactively meets future regulative requirements: a customised percentage of post-consumer recycled (PCR) content can be added (based on mass-balance), significantly reducing the use of virgin plastics and promoting material efficiency by keeping materials in circulation.