Flint Group Packaging announces a global price increase across all Packaging product lines

Reliance Packaging, LLC, a manufacturer of printed plastic packaging, will invest more than $7.4 million to expand its operations and increase its capacity in the Town of Aberdeen. “This announcement is yet more proof that North Carolina is the best state for business,” said Governor Cooper in a press release. “When companies like Reliance Packaging choose to expand in Moore County, it validates the strength of our manufacturing economy, workforce, and our quality of life.” Operating in Aberdeen since 2014, Reliance Packaging extrudes plastic resin into printed heavy duty plastic bags and film for the lawn and garden market as well as many other outdoor applications. This expansion includes building improvements and two additional multi-layer film extruders for the 180,000-square-foot manufacturing facility.

WestRock Company announced that it has entered into an agreement to acquire the remaining interest in Grupo Gondi for $970 million, plus the assumption of debt, representing an estimated implied enterprise value of $1.763 billion. Upon completion of this transaction, WestRock will further enhance its leading position in the growing Latin American containerboard, paperboard and consumer and corrugated packaging markets. Grupo Gondi operates four paper mills, nine corrugated packaging plants and six high graphic plants throughout Mexico, producing sustainable packaging for a wide range of end markets in the region. The tuck-in acquisition will provide WestRock further geographic and end market diversification as well as position the Company to continue to grow in the attractive Latin American market. "Acquiring the remaining interest in Grupo Gondi is the next strategic step in our broader North American paper and packaging expansion strategy," said David B. Sewell, chief executive officer of WestRock. "As onshoring continues to grow in the region, WestRock will be well positioned to meet this growing demand with fully integrated operations in Mexico. We will also have expanded capabilities to serve customers across many geographies, driving additional productivity and cost savings.”

Metsä Board is delighted to announce that eight cartons using its paperboards have been shortlisted for the finals of the 21st European Carton Excellence Awards (formerly the Pro Carton ECMA Awards). With all the successful entries submitted by Metsä Board customers, there are finalists in Save the Planet, Most Innovative, Beauty & Cosmetics, Food & Beverages and Healthcare & Pharmaceuticals categories. The Awards will be presented at the ECMA Congress on 21 September in Salzburg and the winners will appear on www.procarton.com at midnight on 21 September. Click Read More below for additional detail.