Berry Global Announces Agreement to Sell Specialty Tapes Business to Nautic Partners

U.S. Packaging net sales of $666.0 million for the first quarter of 2018 represented an increase of 2.6 percent compared to the same period of 2017. The increase in net sales was driven primarily by sales price and mix partially offset by lower unit volumes of approximately 1 percent. Lower unit volumes were driven by the Company’s planned shutdown of its Shelbyville, Tennessee facility. U.S. Packaging operating profit increased to $87.2 million in the first quarter of 2018, or 13.1 percent of net sales, compared to $83.5 million, or 12.9 percent of net sales, in 2017. The increase in U.S. Packaging operating profit was driven by improved operations and cost savings from the Company’s Agility plan. Click Read More below for additional information.

Sonoco (NYSE:SON), one of the largest diversified global packaging companies, today announced that Philippe Guillemot has been named to its Board of Directors. Guillemot, 58, was chief operating officer of Alcatel-Lucent SA, Boulogne-Billancourt, France, prior to its acquisition by Nokia Oyj in 2016. Before his tenure with Alcatel-Lucent, Guillemot was chief executive officer and board director of Europcar Group from 2010 to 2012, Guyancourt, France; Chairman and CEO of Areva T&D, Paris, from 2004 to 2010; group executive vice president, Faurecia SA, Paris, from 2001 to 2003; and group vice president, Valeo, Paris, from 1998 to 2000; and held several global executive positions with Michelin from 1983 to 1998.

Pregis® has expanded its AirSpeed® Renew™ PCR portfolio made from 80% post-consumer recycled content in North America. The two new on-demand inflatable solutions underscore the company’s commitment to delivering sustainable, performance-driven packaging that supports the circular economy. By incorporating 80% PCR content the product line’s carbon footprint is reduced by over 40% compared to the same packaging made from virgin resin as measured by an internally conducted life cycle assessment. The AirSpeed® Renew™ PCR portfolio featuring 80% PCR expanded to include: *New AirSpeed® Double Cushion Renew™ PCR: Ideal for flexible void-fill applications, providing top, side and corner protection. Its compact double-cushion design fits tight spaces, delivering reliable protection without compromising durability. *New AirSpeed® Quilt Renew™ PCR: Featuring low-profile air transfer technology, this moldable solution is perfect for wrapping and void-fill, conforming to various shapes and sizes for secure product protection. *AirSpeed® Hybrid Cushioning (HC) Renew™ PCR: Launched in 2023, HC Renew PCR provides high-performance cushioning featuring a proprietary square-pattern design for enhanced shock absorption during transit.