International Paper Completes Sale of Ownership Interest in Ilim Joint Venture

WestRock Company announced that it has completed its previously announced acquisition of substantially all of the assets of Plymouth Packaging, Inc. Plymouth is a corrugated packaging company that derives approximately 70% of its sales from its “Box on Demand” systems and corrugated fanfold, and 30% from traditional corrugated box packaging. This acquisition represents WestRock’s entry into the growing on-demand corrugated packaging market that serves many e-commerce and other custom-packaging applications. The market-leading “Box on Demand” systems are located on the customers’ sites and use fanfold corrugated to produce custom, on-demand corrugated packaging that is accurately sized for any product type according to the customer’s specifications. Click Read More below for additional information.

First Quarter Overview – Significant year-on-year improvement across all key metrics * Group underlying1 revenue growth of 7% year-on-year * Group EBITDA growth of 22% year-on-year to €340 million * EBITDA margin of 15.7%, significant year-on-year improvement * Increased ROCE of 16.1% * Improved net debt to EBITDA ratio of 2.2x; medium-term target of 1.75x to 2.5x. Click Read More below for additional information.

We are excited to announce that our groundbreaking food packaging solution has been selected for the Cepi Bioeconomy Lab – an exhibition dedicated to showcase bio-based products that represent the future of sustainable, climate-friendly alternatives. The event gathers Europe’s most forward-thinking innovations, driving the transition to a circular bioeconomy. As the demand for convenience and ready-to-eat food increases, so does the need for environmentally responsible packaging. Our wood pulp-based trays, Nature by Rottneros, is sourced from sustainably managed Nordic forests, and offers a cutting-edge solution to reducing plastic in food packaging. With a barrier layer comprising less than 10% of the packaging’s total weight, we meet essential requirements while aligning with the EU’s Packaging and Packaging Waste Regulation (PPWR). Consumers can easily separate the fiber tray from the barrier liner, ensuring proper recycling.