Ox Industries Acquirees Corex US, LLC in Stevens Point, WI

Smurfit Kappa has patented a new innovative Vitop® Uno tap which is the first tap in the Bag-in-Box market to have attached tamper protection. The new tap design is compliant with the forthcoming Single Use Plastics Directive as it does not require the consumer to remove the tamper protection. Instead, it is deactivated when the product is first used and remains an integral part of the tap without affecting the subsequent use of the Bag-in-Box® product. This innovative solution eliminates the possibility of the tamper protection plastic ending up in the environment which can happen with detachable tamper protections. After use, the consumer can easily separate the box from the bag with the tap and send them for recycling in accordance with their country's recycling regulations.

Monadnock Paper Mills, Inc. (MPM), a family-owned manufacturer that delivers high-performance specialty papers for the technical, packaging and printing markets, today announced its Kona® portfolio of packaging substrates that is made with non-wood fiber from used burlap bags diverted from the landfill. Monadnock entered an exclusive licensing agreement with Arch Paper LLC and Whiting Paper Company for the production of a range of Kona paper and board products. Under a patented process, Monadnock is incorporating reclaimed burlap coffee bean bags into a variety of print and packaging substrates for the retail and hospitality markets. The roasted shades and variegated fibers impart a beautiful and natural aesthetic that is smooth to the touch and pleasing to the eye. Monadnock's Kona line includes stocks for hang tags, price tickets, folding boxes and wet-strength labels. They are all Forest Stewardship Council Certified and are manufactured carbon-neutral using Green-e certified renewable electricity. Click Read More below for additional information.

Net sales in the third quarter were $3,074 million compared to $3,069 million in the third quarter of 2023 reflecting higher shipments of both global beverage cans and food cans in North America, offset by lower volumes in most other businesses and unfavorable foreign currency translation of $9 million. Income from operations was $444 million in the third quarter compared to $374 million in the third quarter of 2023. Segment income in the third quarter of 2024 was $472 million, up 10%, compared to the $430 million in the prior year third quarter driven by improved results in global beverage operations, partially offset by the impact of lower volumes in Transit Packaging and the beverage can equipment business. Commenting on the quarter, Timothy J. Donahue, Chairman, President and Chief Executive Officer, stated, "The Company continued its strong 2024 performance during the third quarter, with results in each of its global beverage can businesses exceeding original expectations. Global beverage shipments improved 5% during the quarter, with Brazil, Europe, Mexico and the United States all recording increases of 5% or more. Segment income on a combined basis advanced 10% over the prior year third quarter, as the Company benefited from favorable manufacturing performance and exposure to a well-balanced portfolio of end markets. Transit Packaging performed in line with expectations while global manufacturing activity continues in contraction.