How We Make Mailers | Georgia-Pacific

Pregis continues to expand its Easypack® portfolio of paper-based packaging solutions with the introduction of GeoTerra™, a sustainable, expandable paper product that provides light cushioning and interleaving protection. Made from recyclable Kraft paper, GeoTerra helps brands throughout the North American market meet their environmental goals while providing customers more circular curbside recyclable packaging options. This inside-the-box packaging is a wrappable solution that is efficient to store and use while also providing exceptional protection attributes. GeoTerra expands during dispensing forming a lattice structure that provides a protective cushioning and interleaving for fragile products, such as glassware, cosmetics, candles, and jarred food products. The pattern nests together to lock products in place, providing six-sided protection without the need for tape or fastening, further increasing efficiency and convenience. GeoTerra arrives in compact and stackable rolls to minimize warehouse space. The proprietary dispenser is designed for easy tension adjustment allowing for a quick pull, tear, and pack motion, and the rolls are light weight and easy to load on the dispenser. The GeoTerra rolls are also available in a convenient dispenser box for mobile packing needs.

First Quarter Financial Highlights include (all results compared to the first quarter of 2023 unless otherwise noted): *Net income of $67.2 million decreased compared to net income of $89.9 million or $1.54 per diluted Class A share. Net income, excluding the impact of adjustments(1), of $72.8 million increased compared to net income, excluding the impact of adjustments, of $61.9 million *Net cash provided by operating activities decreased by $28.4 million to $4.5 million. *Total debt of $2,291.8 million increased by $62.5 million. Net debt(4) increased by $44.2 million to $2,112.5 million. Our leverage ratio(5) increased to 2.53x from 2.20x sequentially, and increased from 2.11x in the prior year quarter.

Smurfit Kappa Group, one of the world's largest integrated manufacturers of paper-based packaging products with operations in Europe and the Americas, is pleased to announce that it has completed the acquisition of Cartonbox, a folding carton company located in Monterrey, in the north-east of Mexico. The acquisition represents an important milestone for the Company as it strengthens its participation in the paper packaging solutions business in Mexico, expands its footprint to four folding carton locations in the country, and reaffirms its commitment to paper-based packaging as the core strategic business for the Company.