Packaging Company Sealed Air in Talks to Go Private

Mondi has successfully developed a new recyclable functional barrier paper range. Designed with protection in mind, this range of certified recyclable barrier paper solutions is fully integrated across Mondi’s value chain—from paper production to the barrier application—and can run on existing filling lines for form-fill-and-seal (FFS) applications. Mondi’s AegisPaper range reduces the amount of plastic used by replacing it with a renewable resource that has specific mechanical properties, such as puncture resistance, flexibility, printability and barrier protection. Within AegisPaper, there are three grades available for different applications and requirements: *AegisPaper select offers a wide range of custom barrier properties *AegisPaper 95/5 food is certified as fully recyclable and has the best mechanical properties for food applications *AegisPaper reduce provides the thinnest functional barrier paper to reduce amount of packaging material needed

Elopak has announced plans to build its first U.S. production plant with the latest state-of-the-art technology for better and more efficient production. The plant will produce Pure-Pak® cartons for liquid dairy, juices, plant-based products and liquid eggs. The new production facility will be located in Little Rock, Arkansas and is expected to start production in H1, 2025. It represents a significant investment for the region of around USD 70 million including the land, the building and the equipment. The new plant will create more than 100 permanent jobs in the region for engineers, printers, operators, logistics specialists and other support groups.

Consolidated net sales of $868 million in the third quarter of 2017 were $92 million, or 12 percent higher than the 2016 third quarter. This increase was due to $57 million of higher prices and a more favorable product mix, and higher volume in the paper and packaging segment. Net sales in the distribution segment increased $8 million due to higher prices partially offset by lower volume. The Company's average mill selling price of $698 per ton in the third quarter of 2017 increased by $72 per ton, or nearly 12 percent, compared to the third quarter of 2016 due to higher domestic and export containerboard prices, and higher kraft paper prices. Net income of $30 million for the 2017 third quarter was $1 million lower than the 2016 third quarter. Click Read More below for additional information.