MSU celebrates opening of newly renovated School of Packaging building with ribbon-cutting ceremony

SEE announced that its Board of Directors and Ted Doheny have mutually agreed to transition SEE’s leadership. Mr. Doheny has stepped down as President and Chief Executive Officer and as a member of the Board, effective immediately. He will continue to serve SEE in an advisory capacity to assist in the transition. Effective immediately, Emile Chammas, Chief Operating Officer, and Dustin Semach, Chief Financial Officer, are appointed Interim Co-Presidents and Co-CEOs, in addition to their current roles. The Board is undertaking a comprehensive search, internally and externally, with the assistance of a leading executive search firm to identify SEE’s next Chief Executive Officer.

Berry shareholders will receive a fixed exchange ratio of 7.25 Amcor shares for each Berry share held upon closing, resulting in Amcor and Berry shareholders owning approximately 63% and 37% of the combined company, respectively. The transaction has received unanimous approval of the boards of directors of both Amcor and Berry and values Berry’s common stock at $73.59 per share. The combination brings together two highly complementary businesses to create a global leader in consumer packaging solutions, with a broader flexible film and converted film offering for customers, a scaled containers and closures business and a unique global healthcare portfolio. The combined company will have unprecedented innovation capabilities and scale, and be uniquely positioned to accelerate growth, solve customers’ and consumers’ sustainability needs, unlock portfolio transformation and deliver significant value to both sets of shareholders.

January–June 2021 (compared with 1–6/2020) • Sales were EUR 1,049.5 million (945.2). • Comparable operating result was EUR 191.3 million (94.2) or 18.2% (10.0) of sales. Operating result was EUR 185.6 million (100.3). • Comparable earnings per share were EUR 0.42 (0.19), and earnings per share were EUR 0.41 (0.21). • Comparable return on capital employed was 19.3% (10.7). • Net cash flow from operations was EUR 150.7 mil-lion (152.3). METSÄ BOARD’S CEO MIKA JOUKIO: “The year 2021 has been very good for Metsä Board. Demand for our fresh fibre paperboards has been strong in all our products and in all our main markets. Sales prices have risen during the first half of the year and we see the same trend continuing in the third quarter. The order books for paperboards remain at an exceptionally high level, which also supports the outlook for the rest of the year.