Eagle Flexible Packaging announces $5 million expansion plans in City of Waupun

First Quarter Highlights and other notable items: *Net sales of $4.9 billion comparable year-over-year *Net income of $45 million, Adjusted Net Income of $141 million *Results in the current year impacted by $119 million due to economic downtime and weather disruptions; additionally, non-cash pension costs increased $40 million year-over-year and the unfavorable impact of foreign currency was $17 million year-over-year *Acquired the remaining 67.7% interest in Gondi, S.A. de C.V. (“Grupo Gondi”) for $970 million, plus the assumption of debt *Divested two uncoated recycled paperboard mills (“URB”) for $50 million, subject to a working capital adjustment, and recorded an $11 million pre-tax gain on sale

Ahlstrom further broadens its range of release papers by introducing new products that support the design of more sustainable double-sided Pressure Sensitive Adhesive (PSA) tapes. With many everyday uses, double-sided PSA tapes are hidden components inside many common products. They join different parts or materials with strength, durability, and versatility. While they often directly perform a sustainable function by replacing heavier and more impactful elements, they can also be manufactured with increasingly sustainable materials. An extension of Ahlstrom’s Acti-V® Industrial dedicated range of high-performance release liners, the new products offer novel options to support environmentally conscious tape producers, thanks to the use of post-consumer recycled fiber, and unbleached cellulose fibers: *Acti-V® Industrial RF Brown is a supercalendered release paper including 30% post-consumer recycled fiber, and featuring the typical brown color used in double-sided adhesive tape liners; *Acti-V® Industrial RF Natural is a supercalendered release paper featuring a natural kraft color, based on a combination of post-consumer recycled cellulose fiber (at least 15%) and unbleached cellulose fibers

"With half of the year behind us, expected strong business performance through the second half and favorable non-operational tailwinds, we are raising our guidance on our full-year earnings performance." Net sales in the second quarter of 2017 were $1.8 billion, similar to the prior year second quarter. On a global basis, the 1 percent increase in price was offset by modestly lower sales volume and adverse currency translation. For the first half of 2017, the net sales increase of more than 50 basis points reflects a stronger first quarter and softer second quarter which was partly due to higher shipping days in the first quarter. Click Read More below for additional details.