Huhtamaki completes a sale of real estate in Thane, India

Paragon Films, Inc., a leading stretch film manufacturer in North America, has filed a patent infringement lawsuit against Berry Global, Inc. in the U.S. Federal District Court for the Western District of Tennessee. The lawsuit alleges that Berry’s Fortitude products directly infringe four U.S. patents protecting Paragon Films’ Torque hand film products. The lawsuit seeks to recover damages as well as an injunction to prevent Berry from continued acts of infringement. “Innovation is one of Paragon Films’ core values,” said CEO Darin Tang. “Commitment to industry-leading performance, quality, and value to our customers drives our team. We must and will protect our intellectual property rights in the marketplace.”

Novolex® has acquired Vegware, a rapidly growing international provider of compostable foodservice packaging headquartered in Edinburgh, U.K. Vegware’s teams in both the U.K. and U.S. are expected to join the Novolex family. The Vegware brand will remain intact as part of Novolex’s Eco-Products portfolio of brands and will continue to sell its products under the Vegware label. “Vegware is an excellent company and its addition to Novolex is an exciting step to growing our global compostable products footprint,” said Stan Bikulege, Chairman and CEO of Novolex. “We are pleased to welcome the Vegware team to the Novolex family and maintain our momentum of supporting brands that meet society’s expectations for sustainable products.” Vegware was founded in Edinburgh in 2006 by Joe Frankel. Headquartered in Scotland, it has operations in the U.K., EU and the United States. The company sources renewable, plant-based materials to manufacture cups, cutlery, tableware and takeout packaging designed to be commercially composted with food waste. Sold in more than 70 countries, Vegware products are known for their quality, performance and design.

Q4 2023 in brief: *Net sales decreased 6% to EUR 1,033 million (EUR 1,104 million) *Comparable net sales growth at Group level was -3% and -5% in emerging markets *The impact of currency movements on the Group's net sales was EUR -44 million and EUR -5 million on EBIT. Q1-Q4 2023 in brief: *Net sales decreased 7% to EUR 4,169 million (EUR 4,479 million) *Comparable net sales growth at Group level was -2% and -4% in emerging markets *The impact of currency movements on the Group's net sales was EUR -153 million and EUR -15 million on EBIT *Capital expenditure was EUR 319 million (EUR 318 million)