International Paper (NYSE: IP) today announced that it has completed the transfer of its North America Consumer Packaging business to Graphic Packaging. As a result of the transaction, Graphic Packaging has assumed $660 million of IP debt. IP now holds a 20.5% ownership interest in the subsidiary of Graphic Packaging that holds the assets of the combined business. The transferred business includes approximately 3,900 employees, two coated paperboard mills and three converting facilities in the U.S., along with one converting facility in the U.K.
http://internationalpaper2015.q4web.com/news-releases/press-r/2018/International-Paper-Completes-Transfer-of-Their-North-America-Consumer-Packaging-Business-to-Graphic-Packaging/default.aspx
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Highlights • A resilient performance with strong cash flow - Underlying EBITDA of €1,201 million (2022: €1,848 million), with margin of 16.4% (2022: 20.8%) - Strong cash generation with cash generated from operations increasing to €1,312 million (2022: €1,292 million) - Group revenue of €7,330 million (2022: €8,902 million) - Basic underlying earnings per share of 107.8 euro cents (2022: 195.6 euro cents) - Return on capital employed (ROCE) of 12.8% (2022: 23.7%) • Robust balance sheet with net debt to underlying EBITDA at 0.3 times; pro-forma at 1.0 times1 (2022: 0.5 times) • Good progress towards delivering €1.2 billion of organic growth investments on time and on budget • Advancing our sustainability performance through the Mondi Action Plan 2030 (MAP2030) • Completed sale of Russian assets, concluding the Group's exit from Russia
Colbert Packaging Corporation recently hosted a TICCIT® (“Trees Into Cartons, Cartons Into Trees”) event for elementary students in Wisconsin’s Salem School District. Jeff MacDougall, production manager at Colbert Packaging, led the educational outreach program, which drew participation from over 320 students in the third, fourth and fifth grades. Salem students learned how trees are grown and harvested for the making of paper and paperboard, and then turned into packaging materials that are recyclable and renewable.
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In May of 2016, ePac was founded in Madison, Wisconsin to utilize new digital printing technologies to primarily focus on the growth of small to medium brands, thereby helping to rebuild local communities. In these past 5 years ePac has grown at a compound annual growth rate of 80%, operates 20 facilities globally with a capacity of about $500,000,000 and serves over 5,000 customers. The underlying strategy was to deconstruct and then reconstruct a simple replicable business model that could provide RotoGravure quality, short lead times, and no sku limitations at a competitive price. The last point basically dispels the notion that digital printing is only for short runs. During the last five years, the average order size across all ePacs has stayed constant at less than 10,000 linear feet, however, ePac today regularly handles runs exceeding 100,000 linear feet per SKU across its global virtual network.