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
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Amcor, a global leader in developing and producing responsible packaging solutions, announced today that the Amcor Flexibles manufacturing plant in Londrina, Brazil, is the first Amcor plant in Latin America to achieve International Sustainability and Carbon Certification Plus (ISSC Plus)status. . The certification allows one of Amcor’s largest plants in Latin America to use advanced recycled materials across its product portfolio. The achievement also supports Amcor’s commitment to reach 30% recycled content by 2030 and aligns with the company’s sustainability pledge to make all products recyclable, reusable or compostable by 2025.
Fred Stephan, previously President, Amcor Flexibles North America, has been appointed to the newly introduced role of Chief Operating Officer. Fred will report to the Chief Executive Officer and will be responsible for enhancing the Company’s ability to leverage and accelerate profitable growth opportunities across the global flexible packaging businesses, ensuring coordinated execution between business operations and commercial teams. David Clark, previously Amcor Vice President, Sustainability, has been appointed to the new Chief Sustainability Officer role. In this role David will report directly to the Chief Executive Officer and have responsibility for Amcor’s sustainability strategies and policies, overseeing their implementation across the Company.
Third Quarter 2020 Summary: *Reported sales increased 8%, including positive effects of currency translation rates and recent acquisitions, and core sales increased 2% *Strong reported and core growth in our Pharma segment *Core sales growth in the food, personal care and home care markets *Recent acquisitions are performing well *Reported earnings per share totaled $0.95 (an increase of 12% compared to the prior year) *Reported net income totaled $64 million (an increase of 12% compared to the prior year) *Cash flow from operations was $381 million in the first nine months of 2020 (a slight increase over the prior year)