CANPACK S.A. Plans to Merge With Giorgi International Holdings S.A. R.L.

Berry Global Group, Inc. announced its Chairman and CEO, Tom Salmon, has accepted the appointment as an Officer of the Alliance to End Plastic Waste (Alliance), a global non-profit organization. As a founding member and first converter to join the Alliance, Berry continues its leadership role to help convene a global network of over 80 member companies and partners in the mission to end plastic waste in the environment. Salmon continues to stand behind the power of plastics, known for its versatility, innovation, and lower overall environmental impact than other packaging alternatives*. Through his leadership, he will help guide the Alliance’s decision-making on global projects that are sustainable, circular, and scalable businesses.

Summary: *Generated $166 million of operating cash flow and $80 million of Free Cash Flow *Achieved net income attributable to Sonoco of $65 million; higher productivity of $51 million partially offset price/cost pressures and lower volumes *Completed the sale of Protective Solutions on April 1, 2024, as part of our strategy to simplify our portfolio and used the majority of the $82 million cash proceeds to pay down debt *Entered a Virtual Power Purchase Agreement (“VPPA”) to contract a significant portion of Sonoco’s expected U.S. electricity consumption in 2025 and support Sonoco’s emissions reduction goals

Pactiv Evergreen Inc. announced that its wholly-owned subsidiary, Pactiv Evergreen Group Holdings Inc. has reached a definitive agreement to acquire Fabri-Kal, a leading manufacturer of foodservice and consumer brand packaging solutions. The transaction, valued at approximately $380 million, subject to adjustments for cash, working capital and indebtedness, is expected to close late in the third quarter or early in the fourth quarter of this year, subject to regulatory approvals and satisfaction of other customary closing conditions. “Combining these two complementary companies will further expand Pactiv Evergreen’s position in the Foodservice segment, broaden our sustainable packaging product offerings and customer base, and increase our manufacturing capacity and distribution capabilities,” said Mike King, Pactiv Evergreen CEO. “Fabri-Kal is well known for its high-quality products, longstanding customer relationships and sustainable packaging solutions. We look forward to the Fabri-Kal team joining Pactiv Evergreen and working together to drive increased value for our shareholders, customers and employees.”