Lecta Presents a New Collection of Printed Samples from the Creaset Range

Paper Excellence is pleased to announce that its Prince Albert facility has been granted a softwood fibre allocation of 1,033,564 cubic meters per year by the provincial government. “This fibre is critical to the restart of the Prince Albert pulp mill which is currently planned for the fall of 2023,” said Carlo Dal Monte, Vice President of Energy and Business Development. “This decision reflects the Saskatchewan government’s forward thinking and robust job creation ambitions. They have been terrific to work with—taking a real interest in our project and the Prince Albert community.” Paper Excellence’s Prince Albert team continues to bring better definition to the project in terms of facility equipment. “We remain dedicated to completing the facility’s pre-engineering and filing necessary provincial environmental approvals to achieve our targeted late 2023 restart date,” said Dal Monte. “As with many large projects, we are refining our understanding of the facility’s economics and the needed funding arrangements.”

Glatfelter reported a net loss of $5.7 million, or $0.13 per share for the second quarter of 2017 compared with net income of $2.0 million, or $0.04 per diluted share in the second quarter of 2016. On an adjusted earnings basis, the loss for the second quarter of 2017 was $2.6 million, or $0.06 per share compared with adjusted earnings of $2.8 million, or $0.06 per diluted share, for the same period a year ago. Consolidated net sales totaled $387.3 million and $406.4 million for the three months ended June 30, 2017 and 2016, respectively. In the Composite Fibers and Advanced Airlaid Materials business units, net sales increased by 1.4% and 4.9%, respectively, on a constant currency basis. Specialty Papers’ net sales declined 8.6% in the quarter-over-quarter comparison. Click Read More below for additional details.

Supremex Inc. announced the acquisition of substantially all of the assets of Royal Envelope Corporation (“Royal”), an envelope manufacturer and lithography company located in Chicago. This transaction was concluded for a total cash consideration of US$18.7 million on a cash-free and debt-free basis plus US$2.0 million for manufacturing equipment that was recently commissioned. “We are very excited with this acquisition that expands our reach in the fragmented U.S. envelope market and gives us a significant manufacturing presence in the U.S. Midwest,” said Stewart Emerson, President and CEO of Supremex. “Royal has established itself as one of the preeminent direct mail envelope manufacturers in North America, utilizing a modern fleet of envelope converting equipment, in-house lithographic printing and embellishing, targeting the financial services sector. We expect this acquisition will generate significant synergies and additional operating efficiencies throughout our network. We are pleased that John, Matt and Mike Pusatera will remain with the Supremex team.”