Drytac materials to be showcased on leading manufacturers’ stands at Sign & Digital UK 2023

KPLP Q4 2022 Business and Financial Highlights • Revenue was $458.1 million in Q4 2022 compared to $424.1 million in Q4 2021, an increase of $34.0 million or 8.0%. • Net income was $16.0 million in Q4 2022, compared to net income of $42.3 million in Q4 2021, a decrease of $26.3 million. KPLP Full Year 2022 Financial Highlights • Revenue was $1,681.4 million in 2022 compared to $1,465.2 million in 2021, an increase of $216.2 million or 14.8%. • Net loss was $56.9 million in 2022, compared to net income of $42.0 million in 2021, a decrease of $98.9 million.

Appvion recorded second quarter operating income of $5.1 million compared to operating income of $3.9 million for second quarter 2016. The improved earnings in second quarter 2017 were driven by volume growth for the Company's tag, label and entertainment (TLE) products and carbonless papers segment. Continued execution of profit improvement initiatives, improved manufacturing performance, and lower selling, general, and administrative (SG&A) expenses also contributed to the earnings improvement. Those results were partially offset by the impact of lower net sales caused by lower market prices for the Company's thermal receipt paper and unfavorable product mix in the carbonless papers segment. Total company shipment volume was relatively flat compared to second quarter 2016. Appvion's second quarter 2017 net sales of $164.0 million were $9.6 million lower than second quarter 2016. Year-to-date net sales of $330.7 million were $23.4 million, or 6.6%, lower compared to the same period in 2016, largely as a result of lower prices for thermal paper products as well as lower shipment volume and unfavorable product mix. Total company shipment volume was down approximately 2% compared to first half 2016. Thermal shipment volume declined more than 3%, while carbonless increased less than 1%. Click Read More below for additional detail.

Steven Mattes, CEO of Industrial Assets Corp., states the site has over a billion USD of investment capital put into the infrastructure and equipment at the site. The workforce is determined to keep the mill in operation with a high level of technical knowledge and work ethic. Industrial Assets and its partner, Maynards Industries, are uniquely suited to find the perfect strategic buyer, most likely in the growing packaging grade sector. This mill's infrastructure is very desirable, featuring a 50 MW Cogeneration system, which will provide low cost energy, the site includes rail service, all permits in place for an immediate restart for a domestic or foreign buyer. This 55-acre site with 1.2 million sq. ft. is ideal for running containerboard grades. The (3) paper machines have trim widths ideal to serve the corrugator converters with a customer base ready to enter into production output agreements. The Jagenberg off-machine coater laminator provides the distinct advantage to produce linerboard to the growing demand of the high end graphics segment of commodity packaging. "We have a combined ability to provide direct financing and leasing program for all size companies to take advantage of this very unique opportunity," said Taso Sofikitis, CEO/President of Maynards. Click Read More below for additional information.