Cascades Reports Results for the Third Quarter of 2024

The International Safe Transit Association (ISTA) 2024 has proven to be another successful forum for collaboration, learning, and networking. The ISTA Forum, which includes the TransPack and TempPack events, is where the packaging community comes together to tackle the industry’s biggest challenges, explore best practices, and discover the latest trends. The common theme of the ISTA 2024 Forum was collaboration. To move the industry forward, speakers urged the audience to amplify efforts to collaborate both internally and externally. Sustainability is a tremendous priority and most companies invest in promoting their sustainability efforts. By collaborating as an industry, we can share data and amplify messaging to educate B2C consumers and B2B decision-makers on the value of sustainable packaging. Industry players should be willing to share their respective insights to make a more positive impact on the environment. The ability to measure impact – and learn from it – is a critical piece of the puzzle.

Duro®, a Novolex® brand, announced today that it has earned Biodegradable Products Institute (BPI) certification for even more of its paper bags and sacks. Now featuring more than 100 SKUs that have been tested and certified by BPI, Duro is adding to the growing number of certified commercially compostable products offered by Novolex. Certification by BPI assures customers that the packaging can be processed in a commercial compost facility. The newly certified bags include Duro recycled kraft paper shopping bags as well as lawn and leaf bags. They join other Novolex products that have already earned BPI certification, including compostable produce bags, T-shirt bags, can liners, and foodservice items from Eco-Products®. BPI says the certifications are important, noting that while the terms “biodegradable” and “compostable” may appear to be synonymous, there are critical differences.

Sonoco Products Company announced that certain of its subsidiaries entered into a definitive agreement to sell its Protective Solutions business to Black Diamond Capital Management, LLC (“Black Diamond”) for an estimated $80 million in cash. The transaction is subject to customary closing conditions and is expected to be completed in the first half of 2024. This sale is the result of Sonoco’s continuing evaluation of its business portfolio and is consistent with its strategic and investment priorities. Sonoco’s Protective Solutions business is one of North America’s premier manufacturers of molded expanded polypropylene and expanded polystyrene foam components and integrated material solutions serving the automotive, power sports, impact surfaces, HVAC, electronics/technology, appliances, and various other industrial end markets. The business operates nine manufacturing facilities and has approximately 900 employees. Net sales were approximately $170 million in 2023. Financial results for Protective Solutions are reported in Sonoco’s All Other Businesses reporting segment.