Colbert Packaging Orders 10-Color, 41″ RMGT TP (Tandem Perfector) Sheetfed Offset UV Press

Kruger Packaging announced investments of over $30 million to modernize its Place Turcot Containerboard Mill in Montréal. With this important transformation to be completed in 2025, the Place Turcot facility will be the first in North America to manufacture 100% recycled saturating kraft board, a product that is used to make high-pressure laminates for furniture, countertops and decorative paneling. In support of this innovative project, the government of Canada is contributing $10 million through the Investments in Forest Industry Transformation (IFIT) program, while the Québec government is providing a combined sum of more than $3 million through the Innovation Bois Program, as well as the ÉcoPerformance program, which stems from the 2030 Plan for a Green Economy. In addition to eco-friendly saturating kraft board, Place Turcot will make other specialty products from 100% recycled fibres, including gypsum board paper, customized board for residential construction, folding box board for FDA-compliant food packaging, and white top linerboard.

Second Quarter 2023 Financial Highlights: *Net Revenues of $1,426 million for the second quarter of 2023 were down 13% compared to $1,640 million in the second quarter of 2022 and approximately flat compared to $1,431 million in the first quarter of 2023. *Net Loss of $139 million for the second quarter of 2023 compared to $74 million of net income in the second quarter of 2022 and a net loss of $133 million in the first quarter of 2023.

Menasha Packaging Company announces it has signed an agreement to acquire the assets of Color-Box, a business unit of Georgia-Pacific, LLC. Terms of the transaction were not disclosed. The acquisition is expected to close in early summer 2022. Like Menasha Packaging, Color-Box is a corrugated packaging manufacturer specializing in high-graphic boxes. Founded in 2000, Color-Box employs 550 and operates plants in Richmond, Indiana; Pelahatchie, Mississippi; and Madera, California. "Menasha Packaging and Color-Box are a great fit, and we are excited about the opportunities ahead," said Mike Riegsecker, President, Menasha Packaging Company. "Color-Box will expand our geographic footprint and provide additional graphics, design, and structural packaging options for our customers. Color-Box's business culture also strongly aligns with Menasha Packaging's, with a priority on safety and employee wellbeing, excellence in serving customers, and a focus on innovative solutions."