Growing Tissue Capacity

Silvernail has two decades of experience leading global companies in the manufacturing and technology sectors. He joins IP from KKR & Co., Inc., a global investment firm, where he served as an executive advisor. Silvernail served as the Chairman and CEO of Madison Industries, one of the world's largest privately held companies. Prior to that, Silvernail served as Chairman and CEO of IDEX Corporation from 2011 to 2020. Employee engagement reached best-in-class performance and total shareholder return grew by more than 500% during his tenure at IDEX. Silvernail previously held executive positions at Rexnord Industries, Newell Rubbermaid and Danaher Corporation. He currently serves on the Board of Directors of Stryker Corporation. International Paper Lead Director Chris Connor said, "Andy is an experienced CEO with an extensive track record for creating value. His strategic agility, core values and drive for results align with and will enhance IP's outstanding leadership team. We are confident that he is the right person to build on the success achieved under Mark Sutton's leadership."

Michigan State University celebrated the opening of the newly renovated MSU School of Packaging building on April 20, following a fundraising campaign that raised more than $10 million. “This significant expansion of our facilities, enabled by the generosity of donors and stakeholders, will reinforce MSU’s longstanding leadership in packaging education,” said MSU Interim President Teresa K. Woodruff, Ph.D. “These improvements anchor our commitment to the excellence of our School of Packaging and will help us prepare the next generation of leaders in packaging science.” Established in 1952, the MSU School of Packaging was the first school of packaging in the United States and now is the largest packaging program in the country, with over 600 undergraduate and graduate students.

Huhtamaki has acquired the majority of Tailored Packaging, an Australian foodservice packaging distribution and wholesale group. With the acquisition Huhtamaki gains access to a national network of distribution centers across Australia, allowing it to serve its customers even better and with more agility. Tailored Packaging is a national foodservice packaging distribution and wholesale group, founded in Sydney in 2001 and having sales offices and distribution centers in each state of Australia. Tailored Packaging employs app. 130 people and is one of the largest importers and distributors of foodservice packaging in Australia. Click Read More below for additional information.