Cascades Announces That its Subsidiary Greenpac Mill, LLC Has Successfully Refinanced its Bank Debt

Berry Global Group, Inc. and Glatfelter Corporation announced that the proposed merger of Berry's Health, Hygiene and Specialties Global Nonwovens and Films business with Glatfelter progressed further with the creation of the Magnera brand, a global leader in the specialty materials industry. The launch of this new identity marks the next chapter in the transaction journey, emphasizing a commitment to innovation and leadership in the specialty materials industry. Magnera will leverage a broad platform of 46 global manufacturing facilities, offering its customers innovative solutions more quickly from closer locations and minimizing environmental impact. Curt Begle, President of Berry’s Health Hygiene & Specialties Division, who will lead Magnera as CEO, said, “Magnera’s purpose is to better the world with new possibilities made real. By continuously co-creating and innovating with our partners, we will develop original material solutions that make a brighter future possible. With a breadth of technologies and a passion for what we create, Magnera’s solutions will solve end-users’ problems, every day.” With a focus on innovation, operational excellence, and strategic market penetration, Magnera will have the broadest global product offering in high-growth markets for both polymer and fiber-based product applications.

The Board of Directors of Stora Enso Oyj has appointed Hans Sohlström (58), M.Sc. (tech.) and M.Sc. (econ.), as the new President and CEO of Stora Enso as of today. Hans Sohlström is currently a member of Stora Enso’s Board of Directors from which position he is stepping down today. Stora Enso’s Board of Directors will now have eight members. Hans Sohlström has over 30 years of experience in business leadership, including over 10 years as CEO predominantly in the forest and renewable materials industries. Most recently he led Ahlstrom Corporation, Ahlström Capital and Rettig Group. Prior to that, for over 20 years, he held several leadership positions at UPM-Kymmene Corporation, such as Mill Director, Business Unit Vice President and was a member of the Group Executive Team responsible for Marketing, New Businesses and Biofuels, and Corporate Relations and Development.

Georgia-Pacific has announced plans to invest more than $425 million to build a Dixie facility in Jackson, the largest single investment in the city’s history. Once operational, the plant will employ more than 200 people and produce well-known tableware products, including the Dixie® and Dixie Ultra® lines of plates and bowls. The 900,000-square-foot facility will sit on 241 acres west of the city. Construction is slated to begin by the end of the year and startup is expected in the summer of 2024. The fully air-conditioned workspace will include a printer, associated plate forming converting assets, and other state-of-the-art manufacturing technology. Georgia-Pacific directly employs approximately 460 people and operates six facilities in Tennessee.