International Paper (NYSE: IP) today announced that it has completed the transfer of its North America Consumer Packaging business to Graphic Packaging. As a result of the transaction, Graphic Packaging has assumed $660 million of IP debt. IP now holds a 20.5% ownership interest in the subsidiary of Graphic Packaging that holds the assets of the combined business. The transferred business includes approximately 3,900 employees, two coated paperboard mills and three converting facilities in the U.S., along with one converting facility in the U.K.
http://internationalpaper2015.q4web.com/news-releases/press-r/2018/International-Paper-Completes-Transfer-of-Their-North-America-Consumer-Packaging-Business-to-Graphic-Packaging/default.aspx
Related Posts
DS Smith has announced a £100 million of combined investment in two new packaging sites in Italy and Poland in response to increased customer demand. The investment follows significant growth over the past three years and supports our ambitious plans for further organic growth. With the sustainable paper-based packaging market expected to grow significantly as a result of increased adoption of e-commerce and continued expansion in traditional food and drink markets, the new sites will provide much needed capacity. We arewell positioned to respond to these trends with 85% of the Group’s overall offering focused on consumer goods. Through its focus on recyclable, paper-based packaging, it can also respond to market requirements for solutions to replace single-use plastic.
Third Quarter Financial Results Highlights: *Earnings before interest, taxes, depreciation and amortization ("EBITDA") from ongoing operations for Aluminum Extrusions of $16.5 million was $0.1 million higher than the third quarter of 2019 *EBITDA from ongoing operations for PE Films of $6.0 million was $4.2 million lower than the third quarter of 2019 *EBITDA from ongoing operations for Flexible Packaging Films of $9.5 million was $5.2 million higher than the third quarter of 2019
Mondi is highlighting the need for innovative packaging solutions in the fresh food industry by introducing two new recyclable packaging products - a paper-based tray and a semi-rigid plastic tray - at Anuga FoodTec. When it comes to preventing food from spoiling, the packaging industry plays a key role. Mondi has developed two new solutions to protect fresh food contents at every stage of the manufacturing and logistics process, ensuring they last longer through clever design and the potential to apply MAP (modified atmosphere packaging) to extend the shelf-life. The packaging inhibits exposure to elements such as moisture, gases and grease, and actively encourages correct consumer use, through resealable functions. This aids convenience and ease of portion control while also reducing food waste.