SCA increases kraftliner prices

Cascades inc. announces that it has completed the sale of its 57.6% equity stake in Reno De Medici S.p.A. (BIT: RM) ("Reno de Medici", or "RDM Group"), previously announced July 5, 2021, to a subsidiary of funds managed by subsidiaries of Apollo Global Management, Inc. (NYSE: APO) for an all-cash price of €1.45 per share corresponding to a total cash consideration of approximately €315.3 million (approximately CAN$ 461 million, before transaction related fees). The selling price represents a multiple of approximately 11x of the adjusted operating income before depreciation of Reno De Medici for the last 12 months as of June 30, 2021.

Smurfit Kappa has developed an innovative new packaging solution for detergent together with McBride, the leading European manufacturer of private label products for the cleaning and hygiene market. The Click-to-Lock Pods Box is a 100% paper-based solution which provides a sustainable and safe alternative to the traditional plastic box for laundry pods. The new packaging solution reduces CO2 emissions by 32% during production and is 100% recyclable and biodegradable. It is the latest example of how Smurfit Kappa utilises its circular business model to identify the best packaging solution for each situation alongside reducing the environmental impact. The Click-to-Lock Pods Box is tamper-proof thanks to an effective, certified child-lock system in line with the International Association of Soaps, Detergents and Maintenance Products, following successful protocol testing. It is also moisture resistant, due to a varnish inside the packaging that provides a barrier against any type of moisture from accessing the contents.

Green Bay Packaging accepted this year’s 2017 Manufacturing Awards of Distinction presented by the Greater Green Bay Chamber and Advance, its economic development department. The Chamber is a convener, bringing…