Hood Container Acquires Sumter Packaging

Graphic Packaging Holding Company reported Net Income for second quarter 2021 of $38 million. This compares to second quarter 2020 Net Income of $52 million. Michael Doss, the Company's President and CEO said, "Strong demand continued across our markets in the second quarter as consumer preferences are driving conversions to our fiber-based packaging solutions. Increased consumer mobility and consumption outside of the home resulted in higher sales in our Foodservice markets up 22% year over year, while Food, Beverage and Consumer markets continued to show healthy growth of 4%. Our teams worked tirelessly to meet customer demand, and we swiftly implemented pricing actions to offset rising commodity input costs which impacted our results in the quarter. We expect to generate significantly higher Adjusted EBITDA in the second half of 2021 driven by price-cost recovery from the successful execution of approximately $400 million of implemented and recognized pricing actions, and continued momentum from organic sales growth and strong productivity. As we address the near-term inflationary headwinds, we remain unwavering in our commitment to introduce new and innovative packaging solutions across global markets supportive of the move to a more circular economy." Net Sales increased 8% to $1,737 million in the second quarter of 2021, compared to $1,611 million in the prior year period.

Mondi has been recognised by the Swiss Packaging Institute (SVI) for its RetortPouch Recyclable solution. The packaging won the Swiss Packaging Award for the Sustainability category and was developed for Coop’s private label range of healthy pulses and grains sold in Switzerland. RetortPouch Recyclable, made of polypropylene (PP)-based mono-material, offers exceptional shelf life and reduces potential food waste. The innovative packaging can replace complex multilayer unrecyclable packaging that uses aluminum or metallised layers to provide high barrier food protection. RetortPouch Recyclable is able to withstand high temperatures during the retort process used in food preparation and is suitable for a wide range of applications in the ready-made food and pet food industries. The packaging, which is used for Coop’s products that are manufactured by Hilcona, has an attractive yet sturdy stand-up design that includes a transparent window to allow consumers to view the product on-shelf.

Smurfit Kappa Group plc announces that it has decided to exit the Russian market. The Group has already suspended support for its Russian operations including any imports and exports and any short or long term funding. This exit will be effected in an orderly manner, during which we will continue to pay our employees and fulfil our legal obligations. Our Russian business represents less than 1% of forecasted sales Smurfit Kappa stands in solidarity with the people of Ukraine and everyone impacted by the totally unjustified attack on Ukraine and its people. The Group is providing, and will continue to provide, substantial humanitarian support for the Ukrainian people. We are also assisting the families of SKG employees and contractors from Ukraine as well as providing products and services to support the relief effort together with financial assistance to a number of aid agencies. We have also partnered with the Red Cross to provide funding to support their vital work.