Rottneros invests in Blue Ocean Closures

International Paper is pleased to announce that it received the necessary shareholder approval for its pending acquisition of DS Smith. Earlier this week, DS Smith also received the necessary shareholder approval for the Combination. International Paper will report the final vote results of the special shareholder meeting in a Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission (the "SEC"). International Paper and DS Smith continue to expect the Combination to close late in the fourth quarter of 2024, subject to regulatory clearance and other customary closing conditions. "The overwhelming approval from both DS Smith and IP shareholders confirms the strong support of this combination," said Andy Silvernail, Chairman and CEO of International Paper. "Bringing the two companies together will create a true global leader of sustainable packaging solutions which will drive significant value for our employees, customers and shareholders."

Our Cartogal packaging plant located in the town of A Pobra do Caramiñal, in Galicia, Spain, will soon see an increase in size, production and storage capacity after a milestone investment of 11.35 million euros. The major investment and expansion plans aim to improve service to customers, as well as to open up new business opportunities in the northwest of Iberia. The project will add 6,000 square meters to the current 11,000 square meters, to see the packaging plant become an industry leader, operating at more than 17,000 square meters. During the seven months that the works are estimated to last, the construction and roofing of the new buildings will be carried out using sustainable and environmentally friendly materials.

Pregis continues to expand its Easypack® portfolio of paper-based packaging solutions with the introduction of GeoTerra™, a sustainable, expandable paper product that provides light cushioning and interleaving protection. Made from recyclable Kraft paper, GeoTerra helps brands throughout the North American market meet their environmental goals while providing customers more circular curbside recyclable packaging options. This inside-the-box packaging is a wrappable solution that is efficient to store and use while also providing exceptional protection attributes. GeoTerra expands during dispensing forming a lattice structure that provides a protective cushioning and interleaving for fragile products, such as glassware, cosmetics, candles, and jarred food products. The pattern nests together to lock products in place, providing six-sided protection without the need for tape or fastening, further increasing efficiency and convenience. GeoTerra arrives in compact and stackable rolls to minimize warehouse space. The proprietary dispenser is designed for easy tension adjustment allowing for a quick pull, tear, and pack motion, and the rolls are light weight and easy to load on the dispenser. The GeoTerra rolls are also available in a convenient dispenser box for mobile packing needs.