AF&PA Releases August 2024 Packaging Papers Monthly Report

Ox Industries acquires York, SC-based York Industries Inc. York Industries is a leading producer of green protective packaging and paper tubes and cores, converting over 16,000 tons of uncoated recycled paperboard. Founded in 1989, York Industries is traded under Customer Paper Tube SE and Edgeboard SE brand names and is a regional supplier servicing customers in the Southeast US. “This acquisition further expands our geographic footprint of providing niche products that vertically integrate into our mill network. We look forward to working with the York team members and expanding the service and products for our customers.” CEO Kevin Hayward.

Inteplast Engineered Films (IEF) has launched InteGreen, a revolutionary family of durable and sustainable films incorporating post-consumer resin, bio-based materials, compostability, and recycle-ready properties. IEF President Bob Stein said, “The IEF team is very excited about officially launching our growing product line under the umbrella of the InteGreen brand. We know how important it is to be responsible to our environment and to provide sustainable product choices as there is no monolithic solution to protecting our ecosystem. Behind our marketing sustainable products under the InteGreen brand are our deep technical, operational, and selling resources that bring answers to customers seeking sustainable solutions.” The InteGreen film line comprises four types: *Film made with PCR (FDA-LNO for food or non-FDA for industrial use) *Film made with bio-based starch for produce, agricultural, and industrial applications *Recycle ready films *Compostable films

Net sales for the second quarter of 2020 were $1.25 billion, down 8.4 percent from last year's second quarter sales of $1.36 billion. The sales decline was driven by lower volume/mix, a stronger U.S. dollar and lower selling prices. These negative impacts were partially offset by increased sales from acquisitions. GAAP net income attributable to Sonoco in the second quarter was $55.2 million, compared with $81.2 million. Second-quarter GAAP earnings included net after-tax non-base charges totaling $24.9 million, $16.7 million of which were related to operational restructuring activities primarily related to capacity reductions in the Company's North America paper mill network. Gross profit was $248.0 million in the second quarter compared to $275.3 million in the same period in 2019.