Sappi invests in barrier technology to strengthen its Packaging and Speciality Papers offering

Sappi Limited is pleased to announce that it will bolster its Packaging and Speciality Papers Business through the acquisition of the barrier film technology of Rockwell Solutions Limited (Rockwell Solutions). The transaction will mean that Rockwell Solutions will become a subsidiary of Sappi Europe. The size of the transaction does not require regulatory disclosure.

Sappi is one of the world’s leading producers of speciality papers and carton board with a strong presence in meeting the increased global demand for sustainable barrier paper solutions.  Commenting on the transaction, Thomas Kratochwill, Vice President Sales and Marketing, Packaging and Speciality Papers for Sappi Europe said “By gaining access to the barrier film technology of Rockwell Solutions Sappi will be able to accelerate the development of our own solutions and be able to offer our customers an even wider range of barrier coated packaging solutions.”

The chairman of Rockwell Solutions, Dr Aziz Okhai, said “Rockwell Solutions is a high technology coatings family based producer and would benefit significantly by allying itself to a major player such as Sappi. It can only strengthen the future of all those who work at Rockwell Solutions”. The transaction ensures that there will be no disruption to Rockwell Solutions’ ongoing business and customers.
https://www.sappi.com/sappi-invests-barrier-technology-strengthen-its-packaging-and-speciality-papers-offering

Related Posts

Recycling Vs Reuse For Packaging – FEFCO Commissioned Studies

FEFCO announces that three scientific studies break the stereotypes on reusable packaging. “It is now scientifically proven that reuse should be considered on a case-by-case basis as it is not always the best environmental option. A peer-reviewed study shows that reusable packaging has a stronger impact on climate than recyclable corrugated. EU policies place a strong emphasis on the role of packaging in the circular economy and its design to be recycled and/or reused. Packaging exists for a reason; therefore, it is vital to consider packaging functionality, sustainability, and overall performance from a life-cycle perspective. The three studies released by FEFCO were conducted by an independent consultancy (Ramboll) and a research institute (VTT). The studies evaluate the impact of recyclable corrugated board packaging compared to reusable plastic packaging and revealed a series of important conclusions. These are available here on the dedicated FEFCO webpage.

Pregis® Introduces Sustainable Innovations in EverTec™ Ready-to-Pack Mailing Solutions

Pregis® advances the sustainability of its line of Pregis EverTec™ mailers with the introduction of paper certified to theSustainable Forestry Initiative®(SFI) standard. Choosing SFI provides an assurance that the Pregis supply chain supports environmental, social and governance commitments. The certification ensures Pregis EverTec Cushioned and Non-Cushioned Mailers are made with paper from trees grown in forests that meet stringent requirements to conserve water quality, biodiversity, and wildlife habitat. Additionally, Pregis added EverTec Cushioned and Non-Cushioned stock mailers to its Inspyre™ brand portfolio, which is a brand member of 1% for the Planet. This non-profit accelerates and verifies environmental giving by facilitating donations to responsible charities. Through 1% for the Planet, Pregis donates 1% of Inspyre product revenues to support the Uzima Clean Water Mission, exemplifying its dedication to the global community by making a charitable impact in concert with sustainable product design.

International Paper Announces Agreement to Acquire DS Smith

International Paper and DS Smith Plc announced that they have reached agreement on the terms of a recommended all-share combination (the "Combination"), creating a truly global leader in sustainable packaging solutions. The terms of the Combination value each DS Smith share at 415 pence per share1, and will result in IP issuing 0.1285 shares for each DS Smith share, resulting in pro forma ownership of 66.3 percent for IP shareholders and 33.7 percent2 for DS Smith shareholders, implying a transaction value of approximately $9.9 billion3. The Combination is expected to close by the fourth quarter of 2024. "Combining with DS Smith is a logical next step in IP's strategy to drive profitable growth by strengthening our global packaging business," said Mark S. Sutton, Chairman and CEO of IP. "DS Smith is a leader in packaging solutions with an extensive reach across Europe, which complements IP's capabilities and will accelerate growth through innovation and sustainability. We are confident this combination will drive significant value for our employees, customers, and shareholders."
Back To Top
×Close search
Search