AF&PA Releases Q3 2024 Boxboard Quarterly Report

On July 13, 1937 the first Krispy Kreme kitchen opened in Old Salem, North Carolina. Founder Vernon Rudolph purchased the still-used secret yeast doughnut recipe from a French chef in New Orleans and began selling the pastries to local grocery stores. The smell from the kitchen was so enticing to passers-by that Rudolph decided it was in his company’s best interest to start selling the doughnuts directly to customers on the street. So, he cut a hole in one of the building’s outer walls and started selling doughnuts directly to customers on the street. Seven years later in 1944, the doughnut display cases we’re so familiar with today were brought into Krispy Kreme stores for the first time.

Graphic Packaging Holding Company announced that International Paper has notified the Company of its intent to continue the monetization process of its ownership interest in Graphic Packaging International Partners, LLC (the "Partnership"). Per the agreement, the Partnership will purchase approximately 17.4 million partnership units from International Paper for $250 million. As a result, Graphic Packaging's ownership interest in the Partnership will increase from approximately 81.1% to 85.5%. The purchase will be funded with cash on hand and a draw on the domestic revolving credit facility.

In the face of the fast-growing demand for sustainable packaging, UPM Specialty Papers is working closely with customers and expert partners from across the food packaging value network to co-create the next generation of transformative and recyclable fibre-based packaging solutions. The aim is to develop and test papers, products and concepts that will support converters and brand owners in the transition to packaging made from sustainable and recyclable materials. This will in turn help them to meet their sustainability targets and comply with upcoming EU regulations on recyclability.