News Corp Completes the Sale of Foxtel Group to DAZN

News Corporation announced it has completed the sale of Foxtel Group (“Foxtel”) to DAZN Group Limited (“DAZN”). The completion of the transaction follows DAZN receiving approval for the acquisition of Foxtel from the Foreign Investment Review Board, the Australian Competition and Consumer Commission and other regulatory authorities. At completion, A$592 million in shareholder loans were repaid to News Corp, and News Corp received a minority equity interest in DAZN of approximately 6%. News Corp’s Senior Vice President and Deputy Chief Financial Officer Andrew Cramer also joined the board of DAZN effective upon completion, and News Corp and its platforms remain committed in their passionate support for Australian sport and entertainment.
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Brand loyalty on decline amid big shift in shopper behavior

As consumers grapple with inflation, tariff uncertainty and a difficult macro-economic environment, they are prioritizing cost over brand loyalty. The overwhelming majority (77%) of consumers are actively changing their purchase behavior in response to price increases, according to EY’s “Future Consumer Index,” which surveyed more than 20,000 consumers across 26 countries. Slightly more than a third (34%) no longer consider brands when making purchasing decisions, with 54% of respondents only buying branded products when they are on sale. The increasing adoption of private label products is reshaping consumer perception, making store brands the preferred alternative to traditional branded options — 67% say private label satisfies their needs just as well as branded products. Thirty percent of respondents say they no longer consider brands at all when making purchasing decisions.
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New FSC Forest Stewardship Standard for Natural Forests in Brazil: Advancing Sustainable Forest Management

After a participatory process involving FSC members, public consultations, and field testing, Brazil now has a new FSC Forest Stewardship Standard for Natural Forests. This will replace the previous version (SLIMF and “Terra Firme”) and will come into effect on 1 October 2025. Natural forests certified under this new standard will ensure environmental and social benefits, promoting biodiversity conservation, sustainable resource management, and the protection of the rights of local and Indigenous communities. Additionally, it will enable Brazilian forestry companies to respond to the growing demands of both the local and international markets. Brazil is home to one of the largest expanses of tropical forests in the world, essential for global biodiversity and climate balance. FSC certification has guided forest management in the country for more than two decades, but an update of the standard was necessary to align it with FSC’s Principles and Criteria and to strengthen its impact. The new standard aims to balance responsible forest production with conservation, ensuring that Brazilian forests continue to provide ecological, social, and economic benefits in the future.
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Novolex and Pactiv Evergreen Inc. Complete Combination

Novolex® announced today that is has completed its combination with Pactiv Evergreen™ Inc., creating a leader in food, beverage and specialty packaging products. The transaction is valued at approximately $6.7 billion, inclusive of Pactiv Evergreen's net debt as of September 30, 2024. "Today is an exciting chapter in the Novolex growth story as we officially welcome Pactiv Evergreen to our company and leverage our combined talents and capabilities to better meet our customers' evolving needs," said Stan Bikulege, Chairman and CEO of Novolex. "Together, we'll continue to solidify our position and deliver in the markets we serve by optimizing operations, accelerating product innovation and driving commercial excellence while maintaining sustainable growth across the business. I look forward to working with our new, expanded Novolex family to achieve our shared mission of packaging a better future through choice, innovation and sustainability. Together, we will work to not only be a leading packaging company, but also to become a leading industrial company in all aspects of our business. I am truly honored to be a part of our combined team." Headquartered in Charlotte, N.C., the combined company will continue to operate under the Novolex name as one of the largest food packaging leaders with a broad manufacturing and distribution footprint across the U.S., Canada, Mexico, and Europe. The combination delivers greater choice to customers with more than 250 brands and 39,000 combined SKUs with one of the most diverse substrate sets in the packaging industry.
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Coral Products purchases Arrow Film Converters for over GBP500,000

The Manchester, England-based maker of bespoke plastic products said it will buy Arrow from its administrators for a total consideration of GBP502,899 in cash through its wholly owned subsidiary Film & Soil Solutions Ltd. Coral said the acquisition was funded without increasing its existing group facilities. An initial cash payment of GBP202,899 has been made, with the remaining GBP300,000 due within 14 days of completion. Yorkshire, England-based Arrow is an approved supplier to UK supermarkets and has current sales demand of circa GBP1 million per month according to Coral.
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Trioworld restructures for growth and focus on circular solutions

Trioworld, a leading supplier of innovative, high-performance plastic film solutions, announces two new divisions – Division Retail and Division Recycling. Division Carrier bags, based in Arvika, Sweden, merges into the new Division Retail. Six divisions become seven as an adjustment to accelerating growth in line with the M&A strategy as well as the increasing focus on circular solutions and expanded recycling capacity. Division Retail is headed by Niklas Agevall, former Business Director Bags & Sacks. Oskar Karlsson, Vice President Sustainability and CPO, will lead Division Recycling. “We are refining our governance model to better fit the accelerating growth as well as our focus on circular solutions. The new Recycling division is an important component in our overall product offering to our customers, ensuring high-quality PCR to all product categories with Loop alternatives. It includes Trioworld Korsberga, which will be the hub for recycling of industrial stretch film along with the current recycling lines for silage film, says Andreas Malmberg, CEO, Trioworld Group. “Division Retail gathers a strong product portfolio including refuse bags and sacks as well as carrier bags, bin bags and building film.” Trioworld now operates under the following structure: Consumer Packaging Division, Health Care Division, Industrial Film Division, Recycling Division, Retail Division, Stretch Film Division and North America Division.
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These Applications Are Ideal for Foldable Synthetic Paper

One of the reasons that brands continue to rely on paper as their substrate of choice for any number of applications is versatility and flexibility. Plus, the printability of paper compared to other substrates makes it faster and easier to print a range of materials, like signs, posters, and a variety of sales and marketing materials. However, traditional paper is not necessarily the most durable print media, and this is where synthetic paper comes in as a tearproof, weatherproof solution that’s ideal for retailers, restaurants, and event spaces. Foldable synthetic paper — a print media made from polypropylene for enhanced durability — is the best of both worlds, combining the print quality and pliability of traditional paper with the ability to withstand environmental elements. Here, we’ll look at a handful of applications that are ideal for foldable synthetic paper, and why the new Nekoosa PP Synthetic foldable paper is the choice for these specific applications. Foldable synthetic paper for restaurant menus - The ability to manipulate the form and shape makes foldable synthetic paper a value-driven choice for restaurant menus. Not only can foldable synthetic paper provide superior flexibility and pliability, this kind of print media is weatherproof, making it ideal for indoor and outdoor use. Foldable synthetic paper for brochures and manuals - A sales or marketing brochure can be your opportunity to make a positive first impression, which means you want to put your best foot forward in terms of print quality. Foldable synthetic paper for product tags - Whether you’re printing plant tags, bottle tags, or other kinds of product tags, foldable synthetic paper can help ensure that these applications remain blemish-free without sacrificing print and color quality.
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Lecta introduces GardaRecycled Print, its new 100% recycled coated paper

Lecta reinforces its commitment to the environment and to the circular economy with the launch of GardaRecycled Print, its new 100% recycled coated paper with outstanding print performance. GardaRecycled Print is a two-side coated paper with a natural shade and high opacity, ensuring excellent print quality for both color and black-and-white texts and images. Made entirely from recycled fibers, it is FSC® Recycled Credit certified. Available in sheets and reels, GardaRecycled Print comes in a range of grammages from 115 to 170 g/m², making it suitable for a variety of applications, such as annual and environmental reports, brochures, catalogues, leaflets, books, direct mail, and promotional print. This paper is compatible with multiple printing techniques, including flexography, offset, laser, dry toner, and high-speed continuous-feed inkjet press.
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Solenis Releases 2024 Sustainability Report With Integrated Data From Diversey

Solenis, a leading global provider of water and hygiene solutions, released its 2024 Sustainability Report, marking the first edition that combines information and data from Diversey. Solenis acquired Diversey Holdings, Ltd. in 2023 and now operates as one integrated company with aligned sustainability policies. “With the integration of Diversey and the addition of more than 9,000 employees to the Solenis team, we finished 2024 as one united company on a clear path to make a real and lasting positive impact on our customers, our employees and our world,” said CEO John Panichella. “We continue to embrace and enhance our own transparency around sustainability, while as a partner we are uniquely able to help customers achieve their sustainability and operational goals.” Along with the report, Solenis unveiled a new sustainability-focused website at sustainability.solenis.com, underscoring its ESG initiatives and activities that add sustainability value for customers.
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Sustana receives an EcoVadis Gold Medal for the second consecutive year

Sustana, a leader in quality recycled fiber products and services, is proud to announce that it has once again earned the Gold Medal from EcoVadis for its commitment to sustainability. For the second consecutive year, Sustana has maintained its position in the top 5% of companies worldwide recognized for sustainable development. This year’s impressive score of 79 now places Sustana in the top 3% of all global companies assessed by EcoVadis. “I am incredibly proud of this accomplishment and the outstanding work of our teams”, said Nathan Jeppson, CEO. “Sustainability practices continue to evolve with new regulations and emerging issues. It’s crucial for Sustana to stay informed and proactive in addressing these changes. Our EcoVadis assessment helps us remain vigilant about best practices and new actions to extend our leadership in sustainable development.” Staying true to its mission of promoting and practicing sustainability, Sustana remains committed to advancing innovative initiatives that improve safety, equity, and diversity in its operations and the broader industry.
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PRH Sales Rose 8.5% in 2024, Topping $5 Billion

Higher book prices, the continuing strength of the audiobook market, and acquisitions combined to lift worldwide sales 8.5% at Penguin Random House in 2024 over 2023 and profits rose 11.3%, reported parent company Bertelsmann. Revenue increased to €4.9 billion ($5.3 billion at current exchange rates) and operating EBITDA (earnings before interest, taxes, depreciation, and amortization) rose to €739 million from €664 million in 2023. Bertelsmann said PRH, which had a challenging 2023, performed better than expected. Acquisitions played a particularly important part in boosting sales in the U.S. Its January 2024 purchase of Hay House added €73 million to sales last year. PRH paid €85 million for Hay House, of which €50 million was paid in cash with the balance being paid in four equal annual installments. Also during 2024, PRH acquired Boom! Studios and the publishing assets of Amber-Allen Publishing, while upping its stake in high-flying Sourcebooks to 75% from 53% in 2023.
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Springer Nature’s first annual report as a public company shows growth in open access and continued investment in technology to improve value for the community

Following the strong financial performance of Springer Nature released on 18 March, the company today issues its first annual report showing how Springer Nature is delivering on its mission to be part of progress. In 2024, research was made more visible for authors, more freely available and more trusted for all, with better value for money delivered for customers. Frank Vrancken Peeters, Chief Executive Officer of Springer Nature, said: “I am very proud of how we continue to deliver on our mission to be part of progress. We remain focused on serving our community by enabling millions of researchers, educators, learners and health professionals to, every day, access, trust and make sense of the latest insights and discoveries.” The annual report additionally sets out how it is supporting its wider communities around the world including: In the US, where Springer Nature continued its outreach activities bringing policymakers and scientists together as part of its annual Science on the Hill event which this year focused on the science and policy of space junk. In India, where the company undertook its second extensive research tour to over 24 research institutions to promote open access and support integrity.
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Virginia Board of Education Approves Savvas Learning Company’s Full Line of Math Programs for K-12 Classrooms

Savvas Learning Company, a next-generation K-12 learning solutions leader, is excited to announce that its complete line of enVision K-12 math programs has been approved by the Virginia Board of Education for statewide adoption across all grade levels in Virginia classrooms. With a proven instructional design featuring problem-based learning, performance tasks, and visual instruction, enVision math programs give students multiple ways to learn and teachers robust resources to personalize learning. The Savvas high-quality instructional materials for Virginia that align to the state’s 2023 Mathematics Standards of Learning include: *enVision Mathematics Grades K-5 *enVision Mathematics Virginia Grades 6-8 *enVision A|G|A Virginia (Algebra 1, Geometry, Algebra 2)
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Sonoco Completes Sale of Thermoformed and Flexibles Packaging Business to TOPPAN Holdings, Inc.

Sonoco Products Company announced it has completed the sale of its Thermoformed and Flexibles Packaging business to TOPPAN Holdings Inc. for a purchase price of approximately $1.8 billion on a cash-free and debt-free basis and subject to customary adjustments. “Today marks a milestone in achieving our strategy to transform Sonoco into a simpler, stronger and more sustainable Company. We extend our best wishes for continued success to our approximately 4,500 former TFP teammates and their new Toppan team,” said Howard Coker, president and CEO. “As previously communicated, we are utilizing the approximately $1.5 billion of after-tax cash proceeds to reduce leverage. Sonoco is moving forward with a focused portfolio and an improved financial position that will enable us to further invest in growing our sustainable metal and fiber consumer and industrial packaging businesses.”
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Changes in Huhtamaki’s Global Executive Team

Huhtamaki is implementing changes to empower business segments to accelerate execution of its 2030 profitable growth strategy. Effective today, changes are made to the organizational structure of the Sustainability and Communications as well as the Strategy and Business Development functions. As a result, the changes streamline the Global Executive Team (GET). “Since joining the company as President and CEO in January, we made clear that our 2030 strategy is intact. Within our strategy, we have specified three focus areas to help us reach our profitability ambitions, namely accelerating growth through all levers, disciplined capital allocation as well as increased accountability and speed of execution. The changes we are making today are part of the implementation of our new operating model to accelerate strategy execution. With these changes we will simplify decision-making, gain speed, and ensure clear accountability,” says Ralf K. Wunderlich, President & CEO of Huhtamaki.
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Mondi expands packaging portfolio and capacity by completing acquisition of Schumacher Packaging’s Western Europe operations

Mondi has completed the acquisition of the Western Europe assets of Schumacher Packaging, expanding the product range, capacity and innovation available to customers demanding high-performance, sustainable packaging at scale. For existing Mondi customers, the expanded product range and enhanced production flexibility supports the growing demand for sustainable packaging solutions. Customers joining from Schumacher Packaging gain full access to Mondi’s comprehensive product portfolio and services, industry-leading sustainability credentials, reliable delivery systems and strengthened security of supply. Among the acquired sites, the two state-of-the-art mega box plants in Ebersdorf and Greven (Germany) deliver best-in-class asset performance and quality. By adding solid board solutions to the portfolio, Mondi provides eCommerce and FMCG customers with sustainable packaging that protects products while optimising logistics. “This acquisition is all about delivering more for our customers – greater capacity, enhanced supply security, and a broader range of sustainable packaging solutions to help them succeed. Bringing together the expertise of our new colleagues from Schumacher Packaging with Mondi’s capabilities strengthens our offering even further, enabling us to drive greater innovation and value for the customers we serve,” comments Markus Gärtner, CEO Corrugated Packaging, Mondi Group.
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