Imagine walking into the liquor store on a Friday night. You look past the brews you’ve already tried for something new. You spot a silver and gold capsule of a can, with a strange goggled figure on the label. The copy tells you this beer was formulated to fuel your journey through the multiverse, and it contains a sci-fi album as the soundtrack. To get the album, there’s a special hashtag. By tweeting it, you’ll receive a message telling you what you’re doing right now in a parallel reality, and a link to the music. Curiosity piqued, you bring it home, crack it open, take out your phone, and experience audio, visual, touch and taste in a single moment in time.
The T.R.I.P. album release beer is the first time a new studio album has ever been released on a beer can. The challenge that prompted the unique project was to figure out how to get people buying new music again, while helping a small indie band reach new fans. The solution: Pair the band with a brewery and turn the beer aisle into the next record store. The Lights Out wrote an album about traveling through parallel realities, and Aeronaut Brewing Co. developed a beer to pair with the songs. “A lot of the same people who once walked the music store aisles every weekend are now going to the beer store at least that often, with the aim of discovering something new. Most beer decisions happen in front of the cold case. The opportunity for someone to discover a band there caught our curiosity,” says Adam Ritchie, owner of Adam Ritchie Brand Direction and guitarist for The Lights Out.
T.R.I.P. used design in a creative way to solve a decades-old music industry problem, give consumers a complete sensory experience with visual, touch and taste, and restore music fans’ physical relationship with new music. The campaign resulted in a new way for music to be discovered, generated international attention and caused the product to quickly sell out. “Adam’s team created a tremendous launch experience which completely transcended the ordinary and set a new standard for how these things should be done,” says Aeronaut Brewing Co. co-founder Ben Holmes. “It’s a game-changer that succeeded beyond our wildest expectations.”
Fiscal Third Quarter 2024 Financial Highlights: *Net income decreased 3.5% to $87.1 million *Net cash provided by operating activities decreased by $125.5 million to $76.8 million. *Total debt of $2,909.5 million increased by $738.0 million. “We are proud to present another solid quarter of performance for Greif,” stated Ole Rosgaard, President and CEO, “While global markets remain uncertain, our diligence in maintaining close contact with our customers has resulted in positive volume momentum in all regions. We are also making strides internally. We are nearing completion of the previously announced internal re-alignment of operating and commercial functions and plan to discuss the benefits of that transition in greater detail at our upcoming Investor Day on December 11”.
Fourth quarter 2023 net income (loss) was $(35.6) million compared to $(3.9) million in the fourth quarter of 2022. Net income (loss) from ongoing operations, which excludes special items, was $(0.1) million in the fourth quarter of 2023 compared to $0.5 million in the fourth quarter of 2022. Full year 2023 net income (loss) was $(105.9) million compared to $28.5 million in 2022. Net income (loss) from ongoing operations was $(4.7) million in 2023 compared to $39.5 million in 2022.
Transcontinental Inc. announced that it has acquired Banaplast S.A.S., a flexible packaging company founded in 2009 and based in Armenia, Colombia. Banaplast is active in the protection of crops in the banana and plantain agro-industrial sector and other fruit plantations. “The acquisition of Banaplast is aligned with our growth strategy of innovation and proximity to key markets in the agro-industrial segment” said Ricardo Garcia Merlo, Senior Vice President and Managing Director, Latin America at TC Transcontinental Packaging. “With Banaplast we are expanding our offering, namely with banana tree bags and agro-mulches, and our network with the addition of Banaplast to our existing operations in Costa Rica, Ecuador, Guatemala and Mexico. This acquisition opens new and exciting opportunities to better serve our customers”.