American Forest & Paper Association Releases June 2021 Containerboard Monthly Report

Adestor by Lecta, Lecta's self-adhesive material branch, is proud to announce its platinum partnership with RecyClass, a key European initiative promoting plastic recyclability. This partnership reflects Adestor's ongoing commitment to minimizing environmental impact and accelerating the transition towards a circular economy within the labelling industry. Adestor by Lecta actively collaborates with customers, suppliers, and industry partners to drive circularity throughout the entire value chain. This collaboration is especially crucial for market segments heavily reliant on self-adhesive plastic materials like PP and PE, such as cosmetics, home care, electronics, and beverages. RecyClass, a non-profit organization, brings together stakeholders across the plastics value chain to improve recyclability, enhance transparency in plastic waste origin, and establish standardized methods for calculating and tracking recycled plastic content in Europe.

Apollo and Novolex Holdings LLC announced that funds managed by Apollo affiliates have entered into a definitive agreement to acquire the majority of the Company from funds managed by Carlyle. Carlyle will retain a minority stake in the Company. Financial terms were not disclosed. Novolex provides customers with packaging innovation, choice and sustainability. The Company manufactures products made with fiber, renewable, recycled and bio-based materials and resin that are designed to be recycled and composted. The Company is comprised of more than 10,000 employees worldwide and operates 57 manufacturing facilities in North America and Europe, including two world-class plastic recycling facilities. Customers include some of the world’s largest brands in the dine-in and to-go restaurant, grocery, retail, sanitation and janitorial, construction, food processing and related industries. With Apollo’s global resources and significant experience in the packaging sector, Novolex expects to strengthen its leadership position by expanding its blue-chip customer relationships through a shared commitment to sustainability and product innovation.

American Twisting is a trusted manufacturer of twisted-paper handles used in the production of paper bags. A family-owned business in continuous operation for more than 100 years, the company is headquartered and has manufacturing facilities in South Haven, Mich. Eligible full-time employees are expected to join Novolex. “American Twisting is an excellent addition to our company, and we welcome their skilled and committed team to the Novolex family,” said Stan Bikulege, Chairman and CEO of Novolex. “I’m confident that our long-standing relationship with American Twisting and their steadfast commitment to safety will ensure a smooth integration into Novolex operations.”