Game-changer from Northern Finland: A new folding boxboard to lead the charge in renewable packaging innovation

Intertape Polymer Group Inc. announced it has entered into a definitive agreement to acquire Nuevopak Global Limited (“Nuevopak”) for approximately $43.8 million in total cash consideration, consisting of $34.8 million to be paid at closing and the remaining amount, subject to certain post-closing adjustments and potential contingent consideration, to be paid within three years from the date of closing. All amounts are in US dollars. Nuevopak designs and develops a range of machines to provide void-fill and cushioning protective packaging solutions. Nuevopak currently supplies IPG with paper dispensing machines and converted paper for protective packaging distribution in North America. Nuevopak is a privately held company headquartered in Hong Kong with subsidiaries in Jiangmen, China and Scheden, Germany that serve customers around the world, providing protective packaging solutions using a combination of world-class innovation and specialized industry experience. This acquisition is expected to further enhance IPG’s protective packaging business and strengthen its product bundle, thereby supporting IPG’s vision to be a global leader in packaging and protective solutions. The acquisition is also expected to enable IPG to secure dispensing machine supply, vertically integrate its paper converting operation, and expand market share in this growing, sustainability-focused market.

Amcor has announced a five-year deal with ExxonMobil to purchase certified-circular polyethylene material in support of its target to achieve 30% recycled material across its portfolio by 2030. The volume of material will increase incrementally each year, and is expected to reach 100,000 metric tons annually at the end of the five-year period. Made possible by ExxonMobil’s ExxtendTM technology for advanced recycling, Amcor intends to leverage this material across its global portfolio, with a particular focus on the healthcare and food industries, which are required to meet stringent safety requirements for recycled plastic. The agreement expands upon Amcor’s initial purchase of certified-circular polyethylene material from ExxonMobil earlier this year.

Pregis® announces the expansion of its Inspyre™ product line with the new Inspyre™ Mailer, amplifying its contributions to help fight water insecurities in communities around the world. Inspyre™ packaging is a brand member of 1% for the Planet, with one percent of the product line’s sales funding Uzima, a charity that makes and distributes water filters that provide clean drinking water to people in need. The Inspyre mailer offers an efficient, lightweight, and sustainable way to ship non-fragile items and soft goods such as apparel, linens, in direct-to-consumer e-commerce applications. Made with a minimum of 30 percent recycled content, the new Inspyre poly mailer offers customers a unique packaging solution that contributes to sustainability goals and positive change.