Greif, Inc. Announces a $50 Per Ton Price Increase on All Uncoated Recycled Paperboard (URB) and Coated Recycled Paperboard (CRB) Grades

Graphic Packaging Holding Company and Clearwater Paper Corporation announced that Graphic Packaging has signed a definitive agreement to sell its Augusta, Georgia bleached paperboard manufacturing facility to Clearwater Paper. The transaction value is approximately $700 million, based on Adjusted EBITDA of approximately $100 million. "Augusta is an outstanding asset with a great team, which we concluded is a more compelling fit with Clearwater Paper's strategic growth plans than our own. Bleached paperboard plays a major role in sustainable consumer packaging, and we will continue to service growing foodservice and packaging demand with bleached paperboard from our Texarkana facility," said Michael Doss, President and Chief Executive Officer of Graphic Packaging.

Fourth Quarter and Fiscal Year Highlights: *Net sales growth of 22% and 18% in the quarter and fiscal year, respectively *Fiscal year organic volume growth of 4%; HHS +5%, CPNA +4%, EM +4% and CPI +3% *Fiscal year net income per share (EPS) up 28% to $5.30 and adjusted EPS up 20% to $5.80 ($7.21 including amortization of intangibles from acquisitions) *Cash flow from operations and free cash flow of $1.6B and $904M, respectively

Smurfit Kappa explored the part that packaging can play in boosting online sales in an eCommerce event last week. During the week-long event, the packaging leader launched an array of innovative new concepts and services designed to optimise performance in the rapidly growing eCommerce sector. Over 150 visitors, including brand owners and etailers, came to the event which also included interactive exhibitions and demonstrations of how packaging can differentiate a product offering. A range of tools tailor-made for the eCommerce sector were unveiled at the event including one which is used to define the exact type of packaging required to prevent product damage during the supply chain and another that kick-starts the processes to ensure fit-for-purpose automation solutions. Click Read More below for additional information.