International Paper Completes the Sale of Its Brazilian Corrugated Packaging Business

Tetra Pak has announced the introduction of certified recycled polymers, becoming the first company in the food and beverage packaging industry to be awarded the Roundtable on Sustainable Biomaterials (RSB) Advanced Products certification. Its carton packages integrating attributed[1] recycled polymers are now available for food and beverage manufacturers. This move marks a key step in Tetra Pak’s approach to circularity which includes: minimising dependency on fossil-based resources; responsibly sourcing raw materials; designing packages for enhanced recycling and reduced litter; and building partnerships to develop effective collection and recycling infrastructure worldwide.

The Mayr-Melnhof Group has reached an agreement to acquire Kotkamills Group Oyj from the previous owners for an enterprise value of around EUR 425 million; this corresponds to approximately 7.8 times the EBITDA of the last twelve months. With the takeover of Kotkamills, MM Karton will expand its position in the attractive market for virgin fiber board (FBB) and Food Service Board (FSB) and complement its established market position in recycled cardboard. The planned transaction will have an immediate impact on earnings. Kotkamills operates two cardboard/paper machines at the integrated location in Kotka (southern Finland): one FBB / FSB cardboard machine, which was commissioned in 2016 after an investment of more than 180 million EUR, with a current sales volume of around 260,000 t and one planned capacity of 400,000 t; a machine for Saturated Kraft Paper / impregnation paper with a capacity of 170,000 t, which makes the company one of the world's leading suppliers. Kotkamills employs around 500 people and in the last twelve months achieved an EBITDA of around EUR 55 million on sales of around EUR 380 million.

“We are excited to highlight our breadth of capabilities that enable us to collaborate, innovate, and most importantly, support our customers’ customers,” said Shae Hinman, Director of Sales, Americas, Mativ. “This collective display is a tremendous opportunity for us to show customers how our suite of solutions helps to connect, protect, and purify our world.” Mativ’s label solutions are aligned under the brands of Indafor, Itasa and Neenah and support a wide range of applications, including high performance labels that stand up to the harshest environments, disposable and efficient food rotation labels, premium image wine and spirit labels, and a broad array of release liner products that serve end markets such as hygiene, industrials and composites.