Diversified Labeling Solutions Expands RFID Label Offering

Net income for the first six months of 2021 was $167.8 million as compared to net income of $135.8 million for the first six months of 2020. Net sales for the first six months of 2021 increased $380.0 million, or 17.2 percent, to $2.59 billion as compared to $2.21 billion for the first six months of 2020. This increase was primarily a result of higher unit volumes in each of the Dispensing and Specialty Closures and Metal Container segments, the pass through of higher raw material costs, the impact of favorable foreign currency translation and a more favorable mix of products sold in the Dispensing and Specialty Closures and Custom Container segments, partially offset by lower volumes in the Custom Container segment and a higher percentage of smaller cans sold in the Metal Container segment.

This strategic acquisition positions us for accelerated growth, enhanced capabilities, and a strengthened ability to deliver exceptional value to our customers and stakeholders in Eastern Europe. With a specific focus on fast-moving consumer goods (FMCG) customers, Bosis doo is particularly well-suited to complement our regional strategy, which emphasizes sustainable performance packaging and targets further growth opportunities in the region. DS Smith and Bosis doo will leverage their collective strengths and expertise to offer innovative packaging solutions. Plastic replacement is a key focus area for us, and we recently achieved the milestone of over 762 million units of plastic replaced since March 2020. We continue to work closely with customers to help them address their sustainability goals and we will seek to accelerate this progress in the East Region.

Novolex®, a leader in packaging choice, innovation and sustainability, is introducing Power Prep™ wrap for grab-and-go hot sandwiches and other freshly made foods. Manufactured by Novolex brand Bagcraft®, the new wrap is laminated and insulated to keep food tasting fresh as it moves from the freezer to thawing and re-heating, and while it’s held under heat at the point of sale. This allows customers to enjoy a delicious hot sandwich that was made and wrapped off site. Power Prep wrap is ideal for convenience stores, supermarkets and other foodservice operators, catering to the growing demand for high-quality, freshly made offerings.