Ahlstrom has today launched a consultation process with employee representatives at its Stenay plant in France about the possibility to divest the plant, and if a buyer cannot be found considering closure. Stenay plant produces one-side coated specialty papers for specific uses in the packaging sector where there is overcapacity in Europe and competition with machines with a more competitive cost structure. The plant has an annual capacity of approximately 55,000 tons of specialty paper and has 127 employees.

WestRock Company announced that it has entered into an agreement to acquire the remaining interest in Grupo Gondi for $970 million, plus the assumption of debt, representing an estimated implied enterprise value of $1.763 billion. Upon completion of this transaction, WestRock will further enhance its leading position in the growing Latin American containerboard, paperboard and consumer and corrugated packaging markets. Grupo Gondi operates four paper mills, nine corrugated packaging plants and six high graphic plants throughout Mexico, producing sustainable packaging for a wide range of end markets in the region. The tuck-in acquisition will provide WestRock further geographic and end market diversification as well as position the Company to continue to grow in the attractive Latin American market. "Acquiring the remaining interest in Grupo Gondi is the next strategic step in our broader North American paper and packaging expansion strategy," said David B. Sewell, chief executive officer of WestRock. "As onshoring continues to grow in the region, WestRock will be well positioned to meet this growing demand with fully integrated operations in Mexico. We will also have expanded capabilities to serve customers across many geographies, driving additional productivity and cost savings.”

Mondi Industrial Bags, in collaboration with its customer and cement producer LafargeHolcim, has created SPLASHBAG – a paper-based solution designed to satisfy the need of dealing with materials that are often exposed to wet conditions or environments. The product has been developed as a direct response to the customer’s packaging needs in this area, and is suitable for the protection of moisture-sensitive filling goods, including building materials, chemicals and pharmaceuticals. Having successfully launched in Europe, the product is now gaining traction in many other markets around the world. Based on Mondi`s Advantage Protect sack kraft paper – a grade that offers both a water-repellent surface and high wet tensile strength – the bag maintains high strength even in wet environments. Thanks to its bespoke benefits, within the last year SPLASHBAG has quickly gained global recognition – from Azerbaijan and Bulgaria to France and La Réunion. The key to SPLASHBAG‘s success lies in its enhanced sack kraft paper properties – absorbing less moisture than conventional paper bags and maintaining both integrity and product quality. Click Read More below for additional detail.