Lacerta Announces New Chief Executive Officer

Lacerta Group (“Lacerta” or the “Company”), a leading provider of innovative and sustainable thermoformed packaging solutions, announced today the appointment of Paul Young as its new Chief Executive Officer, effective November 6, 2023.

Mr. Young previously served as the Chief Executive Officer of Tekni-Plex, a global leader in the consumer and healthcare packaging sector, where he led the successful turnaround of the business. Through operational excellence, customer responsiveness and strategic growth investments, its revenue grew to more than $1 billion while earnings quadrupled. Prior to joining Tekni-Plex, Mr. Young held various general management and manufacturing roles for Graham Packaging, Owens-Illinois and Continental PET Technologies. Mr. Young holds an M.B.A. from DePaul University and a B.S. in Chemical Engineering from the University of Toledo.
more at: https://blog.lacerta.com/news/lacerta-announces-new-chief-executive-officer

Related Posts

Tredegar Reports Fourth Quarter and Full Year 2021 Results

Fourth quarter 2021 net income from continuing operations was $21.4 million ($0.63 per diluted share) compared to $6.5 million ($0.19 per diluted share) in the fourth quarter of 2020. Net income from ongoing operations, which excludes special items, was $6.2 million ($0.18 per diluted share) in the fourth quarter of 2021 compared to $9.7 million ($0.29 per diluted share) in the fourth quarter of 2020. Full year 2021 net income from continuing operations was $57.9 million ($1.72 per diluted share) compared to net loss from continuing operations of $16.8 million ($0.51 per diluted share) in 2020. Net income from ongoing operations was $39.6 million ($1.18 per diluted share) in 2021 compared to $50.8 million ($1.51 per diluted share) in 2020. A reconciliation of net income (loss) from continuing operations, a financial measure calculated in accordance with U.S. generally accepted accounting principles (“GAAP”), to net income from ongoing operations, a non-GAAP financial measure, for the three months and year ended December 31, 2021 and 2020, is provided in Note (a) of the Notes to the Financial Tables in this press release.

Mondi teams up with EW Technology to launch new machine for paper pallet wrapping

Mondi, a global leader in packaging and paper, has collaborated with Austrian mechanical engineering company EW Technology to launch a new machine for paper pallet wrapping that is more efficient and sustainable on small-to-medium production lines. The two companies worked together to design the innovative machine, which fills a gap Mondi identified in the pallet wrapping market. Offering two settings, the machine can be fully automated to wrap up to 60 pallets every hour or semi-automated to wrap 10-15 pallets per hour. The machine takes a full reel of Mondi’s Advantage StretchWrap paper, allowing customers to replace the multi-layer plastic which is currently the industry standard for pallet wrapping. Advantage StretchWrap is 100% virgin paper, created with renewable materials and fully recyclable in existing paper waste streams across Europe. It contains no plastic or coating, but still ensures excellent strength and tension absorption.

Graphic Packaging Holding Company Announces Completion of AR Packaging Acquisition

Graphic Packaging Holding Company announced the successful close of its acquisition of AR Packaging Group AB, Europe's second largest producer of fiber-based consumer packaging. The acquisition accelerates Graphic Packaging's growing position serving consumer packaged goods companies around the world with sustainable fiber-based packaging alternatives. Graphic Packaging announced its intent to acquire AR Packaging Group AB on May 14, 2021.
Back To Top
×Close search
Search