International Paper Reaches Agreement to Sell Its Corrugated Packaging Business in Turkey

Second Quarter Financial Results Highlights: *Earnings before interest, taxes, depreciation and amortization ("EBITDA") from ongoing operations for Aluminum Extrusions of $21.9 million was $2.2 million higher than the second quarter of 2021 *EBITDA from ongoing operations for PE Films of $7.1 million was $1.9 million lower than the second quarter of 2021 *EBITDA from ongoing operations for Flexible Packaging Films of $7.6 million was $0.6 million lower than the second quarter of 2021

In its latest ESG Risk Ratings, the sustainability analysis company Sustainalytics has ranked BillerudKorsnäs the most sustainable enterprise to invest in within the packaging sector. For the renowned Swedish company, this top ranking is proof positive that its unswerving focus on sustainability has paid off. The Dow Jones Sustainability Index already ranks BillerudKorsnäs the most sustainable packaging company in the world. In its annual assessment, the sustainability analysis company Sustainalytics rates BillerudKorsnäs as having low risk exposure combined with a strong approach to sustainability issues. In fact, BillerudKorsnäs was awarded an ESG Risk Rating score of 10.0, where low figures represent low risk, putting the company in first place among all the packaging companies analysed.

ePac Flexible Packaging announced plans to open its next facility near Sacramento, serving the Northern California area. The company has begun accepting orders, with fulfillment handled by other ePac U.S. locations until its manufacturing facility opens. The Sacramento facility is scheduled to open in 3Q 2020. ePac Sacramento is a joint venture between Karma Packaging and ePac Holdings, and will be managed by Pete Rogers, a long-time Sacramento native and business owner. The ePac manufacturing facility will be located at 1601 Aviation Blvd Suite 125, Lincoln, CA 95648.