Omet Americas opens Innovation Center

SEE announced that it has signed a definitive agreement to acquire Liquibox, a pioneer, innovator and manufacturer of Bag-in-Box sustainable Fluids & Liquids packaging and dispensing solutions for fresh food, beverage, consumer goods and industrial end-markets. This acquisition is highly complementary to Cryovac Fluids & Liquids business, the fastest growing area for SEE. Fluids & Liquids flexible packaging solutions are a $7 Billion addressable potential revenue opportunity with an attractive projected annual growth rate of approximately 6%.

First Quarter 2018 Highlights (as compared to first quarter 2017): • Revenue increased 14.5% to $237.2 million primarily due to additional revenue from the Cantech Acquisition(1) and an increase in average selling price, including the impact of product mix. • Net earnings attributable to the Company shareholders ("IPG Net Earnings") decreased $2.1 million to $11.4 million, primarily due to the increase in SG&A and other finance costs, partially offset by a decrease in income tax expense and an increase in gross profit. • Adjusted EBITDA(3) decreased 0.6% to $30.2 million primarily due to an increase in SG&A and the non-recurrence of Insurance Proceeds of $2.1 million realized in the first quarter of 2017, partially offset by adjusted EBITDA contributed by Cantech and an increase in gross profit. Excluding the Insurance Proceeds, adjusted EBITDA for the first quarter of 2018 increased by almost 7% compared to the first quarter of 2017. Click Read More below for additional information.

Metsä Board, part of Metsä Group, plans to purchase from Pohjolan Voima Oyj all the shares it owns in Hämeenkyrön Voima Oy, and thereby consolidate its local operations in the Kyröskoski mill area. The transaction is subject to e.g. the decisions of the Extraordinary General Meeting of Pohjolan Voima Oyj to redeem Pohjolan Voima Oyj's G10 series shares from Metsä Board and to sell its shares in Hämeenkyrön Voima Oy to Metsä Board. The estimated completion of the transaction would be at the end of 2021 or at the beginning of 2022. After the arrangement, Metsä Board will own 84% of Hämeenkyrön Voima Oy and DL Power Oy, owned by Leppäkosken Sähkö Oy, will own 16%. The arrangement will not have a significant impact on Metsä Board's key financial figures.