American Forest & Paper Association Releases May 2020 Packaging Papers Monthly Report

Q4 2020 Highlights • Sales of $1,284 million (compared with $1,275 million in Q3 2020 (+1%) and $1,227 million in Q4 2019 (+5%)) o Operating income of $109 million (compared with $73 million in Q3 2020 (+49%) and operating loss of $(1) million in Q4 2019) o Operating income before depreciation and amortization (OIBD)1 of $181 million (compared with $154 million in Q3 2020 (+18%) and $76 million in Q4 2019 (+138%)) o Net earnings per share of $0.72 (compared with $0.51 in Q3 2020 and net loss per share of $(0.27) in Q4 2019). 2020 Annual Highlights • Sales of $5,157 million (compared with $4,996 million in 2019 (+3%)) o Operating income of $366 million (compared with $261 million in 20192 (+40%)) o Operating income before depreciation and amortization (OIBD)1 of $665 million (compared with $550 million in 20192 (+21%)) o Net earnings per share of $2.04 (compared with $0.77 in 20192)

To meet the growing demand for faster speed to market and a more agile supply chain, Pratt Industries has committed to strategic growth initiatives across our nationwide network, and a top priority is staying at the forefront of the high graphics movement. Pratt’s high graphics investments offer our customers quality graphic solutions through a combination of advanced print technologies and value driven options. We strive to find the best print solution to satisfy the corrugated packaging needs and budgets of our customers by investing in state-of-the-art technology and equipment. Pratt Lewisburg, OH recently added an HP PageWide digital web press to its already impressive equipment lineup in order to increase speed to market and flexibility while complementing their flexo and offset graphic capabilities. “We have the capabilities and expertise to offer customers the best supply chain solution for their high graphics packaging needs,” said Sergio Morales, General Manager.

Aptar Closures, a global leader in dispensing closures and active material science solutions today announced the acquisition of majority stake in Gulf Closures, a closure manufacturer for beverage products in Bahrain. With the acquisition, Aptar Closures will leverage its global business capabilities and Gulf Closures’ manufacturing expertise, regional network, and experienced team to better serve the company’s existing customers in the Middle East while opening new market opportunities and strengthening its presence in the region. Today, Gulf Closures employs approximately 60 people at its facility in Bahrain and holds ISO and FSSC certifications. Gulf Closures is a partner to several global and other major local beverage brands in Gulf Cooperation Council (GCC) countries, Levant, and Africa.