We are so excited to introduce the Cruz Cool (™) sustainable cold chain cooler solution from Cruz Foam, just in time to celebrate Plastic Free July! Currently shipping in limited quantities to customers with pilot programs, the Cruz Cool is the first-of-its-kind premium, sustainable, insulated protective box. It’s the perfect alternative to traditional EPS foam coolers and can be used to safely and sustainably ship perishable goods door-to-door. Cruz Cool is an elegantly designed system using interlocking panels of corrugated paperboard lined with compostable Cruz Foam. It stores flat and is quick and easy to assemble. The system is Cruz Foam’s first curbside recyclable** cold chain product providing 48 hour insulation and protection. It’s ideal for conventional cold chain e-commerce fulfillment.

Metsä Board has concluded the change negotiations that began in January to improve the company's profitability and cost competitiveness. As a result of the negotiations, Metsä Board will permanently close Tako board mill and enhance the operational efficiency of Kyro board mill. The measures will lead to a total reduction of 208 jobs. CEO Mika Joukio: "The change negotiations with the personnel were conducted in a constructive spirit. Finding new jobs for the people being laid off is our primary goal, and we also aim to help with employment by offering reemployment training and support." Production at the Tako board mill is planned to end by the end of the second quarter of 2025 at the latest. The closure of the mill will not affect customer deliveries, as Metsä Board's total annual folding boxboard production capacity is sufficient to meet current demand. After the mill closure, Metsä Board's annual folding boxboard capacity will be approximately 1.4 million tonnes.

Sonoco Products Company announced the completion of its acquisition of the remaining equity interest in RTS Packaging, LLC (“RTS”) from joint venture partner WestRock (NYSE:WRK) and one WestRock paper mill in Chattanooga, Tennessee. The acquisition, originally announced on November 9, 2022, will further strengthen and expand Sonoco’s 100% recycled fiber-based packaging solutions to serve growing consumer wine, spirits, food, beauty and healthcare markets. Prior to closing the transaction, Sonoco was a 35% owner in the joint venture with WestRock. With this acquisition, Sonoco adds a network of 15 operations and 1,100 employees in the U.S., Mexico, and South America. The purchase price for this acquisition was $330 million, subject to customary price adjustments. The Company funded the acquisition with borrowings under its existing credit facilities and cash on hand. After the transaction, the Company’s net debt to adjusted EBITDA ratio is less than 2.9x. The acquisition is expected to be immediately accretive to earnings per share, excluding the impact of purchase accounting adjustments.