We’re pleased to announce the opening of our new 34,000 square foot facility in Henderson, Nevada, which will further support our growing West Coast customer base as well as the continued adoption of sustainable packaging alternatives. Located just outside of Las Vegas, the facility serves as a new shipping point for Atlantic Packaging customers in addition to operating as a showroom and shipping hub for A New Earth Project, a coalition powered by Atlantic Packaging comprised of outdoor enthusiasts, brands, and packaging suppliers leading a global effort to create, scale, and advocate for sustainable packaging solutions.

Mill Rock Packaging Partners LLC announced that it has acquired Keystone Paper & Box Company, a leading specialty packaging company that manufactures custom folding cartons for consumer and healthcare end markets. Mill Rock Packaging, formed by Mill Rock Capital in 2020, is a growth-oriented specialty packaging company focused on leading design, innovation and technology, with strong operational capabilities and unparalleled customer service. The transaction marks Mill Rock Packaging's expansion to the Eastern U.S. and its fourth acquisition. In connection with the transaction, Keystone's leadership team has made a significant investment in Mill Rock Packaging. Management will remain with the company. Terms of the transaction were not disclosed.

The company is redefining its “core portfolio’ after acquiring Berry. Since finalizing that deal, Amcor has cut roles and begun closing some sites, and has hit some unexpected snags in North America. North American beverage business: During the quarter there were “operating challenges” at multiple high-volume sites, which resulted in higher freight and labor costs, executives explained. The $1.5 billion business now has “new and focused management” addressing challenges. “I’m going to say it very loud and clear: We’re not happy with the performance of the North American beverage business in the fourth quarter,” Konieczny said. Customers faced service issues. “Flexing our capacities with volumes is something that we’re very, very familiar with,” but clearly the business tried to do too much of that, he said.  Downsizing: Over the next few quarters, Amcor will work to stabilize and strengthen North American beverage business performance “before exploring alternatives,” Konieczny said. Across the company, Amcor reported that it has already cut approximately 200 roles since the acquisition was finalized in April. It has also closed one site and initiated the closure of four others. In addition to North American beverage, it’s also identified other less-aligned areas, including “smaller businesses with combined sales of ~$1 billion.” Possible outcomes might include divestitures, restructuring or joint venture ownership models.