In the beverage industry, smart companies have been responding to the clean label movement for years. But did you know that shoppers, especially Millennials, consider the packaging as an extension of the ingredient list? Are you giving them the clean packaging they’re looking for?
Click this link to find out four critical statistics.
read more/source: http://evergreenpackaging.com/fresh-news/shoppers-seek-clean-labels-and-clean-packaging/
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Cascades inc. announces that it has completed the sale of its 57.6% equity stake in Reno De Medici S.p.A. (BIT: RM) ("Reno de Medici", or "RDM Group"), previously announced July 5, 2021, to a subsidiary of funds managed by subsidiaries of Apollo Global Management, Inc. (NYSE: APO) for an all-cash price of €1.45 per share corresponding to a total cash consideration of approximately €315.3 million (approximately CAN$ 461 million, before transaction related fees). The selling price represents a multiple of approximately 11x of the adjusted operating income before depreciation of Reno De Medici for the last 12 months as of June 30, 2021.
The ST Group of Companies has acquired a tissue paper mill in Barnwell County, South Carolina, from Cascades. The deal was signed through ST’s new subsidiary, Barnwell Tissue Solutions. The mill, equipped with a 110-inch Valmet hybrid QRT/DCT tissue machine installed in 2016, can produce 30,000 tons annually. The company will manufacture large paper rolls from recycled paper, which will be converted into different tissue products. The investment amounts to $12 million, and will create 50 jobs, according to Gov. Henry McMaster’s office. “Barnwell Tissue Solutions, a proud member of the ST Group of companies, is honored to expand our manufacturing footprint into Barnwell, South Carolina,” said Barnwell Tissue Solutions Owner Sahil Tak, as quoted by Columbia Business Monthly.