Sonoco-Alcore to Increase Paperboard Prices in the EMEA Region

Transcontinental Inc. is pleased to announce that it has completed the previously announced acquisition of the business of Coveris Americas, a business previously held by Coveris Holdings S.A. Headquartered in Chicago, Illinois, Coveris Americas manufactures a variety of flexible plastic and paper products, including rollstock, bags and pouches, coextruded films, shrink films, coated substrates and labels. Coveris Americas operates 21 well invested production facilities in the United States, Canada, Ecuador, Guatemala, Mexico, the United Kingdom, New Zealand and China. With this Acquisition, TC Transcontinental welcomes 3,100 employees, the majority of whom are located in North America and Latin America. "We could not be prouder of this historical acquisition as we become a North American leader in flexible packaging,” said François Olivier, President and Chief Executive Officer of TC Transcontinental. “We started building our Packaging network only four years ago through a robust acquisition strategy to complement our well established printing and media operations and, today, the acquisition of Coveris Americas marks a major milestone in our continued journey to long-term profitable growth." Click Read More below for additional information.

After years in the commercial construction industry, XF Films has partnered with Chandler Properties to use Barrier-Bac, an anti-vapor barrier, in the Chandler Reserve Club, a gated residential project development in Florence, SC. This is the first time Barrier-Bac has been used in residential construction. General Manager of XF Films Frank Chen said Barrier-Bac’s debut in residential construction is a win for the Inteplast Group business unit. “The project owner agreed that this would greatly benefit the rental houses in the long run. This is the first time that our commercial grade Barrier-Bac was used on residential houses. The success of this project has opened the door for us to the residential building market, and we are excited about future possibilities,” said Chen. The topography of Florence’s flat terrain puts it at risk for flooding and higher occurrences for hurricanes, according to the city’s official website. In addition, Barrier-Bac is another layer of insulation and supports lower energy costs for residents. While single-family homes often use low-grade poly film with a 0.1 water vapor permeance rate, Barrier-Bac – has a 0.02 water permeance rate, rendering it compliant and superior to alternatives. Along with its advanced water vapor blockage, Barrier-Bac ensures longer structural integrity for homes.

Sonoco announced it is implementing a $50 per ton price increase for all grades of uncoated recycled paperboard (URB) in the United States and Canada, effective with shipments beginning April 26, 2021. Sonoco said the price increase was in response to strong demand across its U.S. and Canada mill network which is driving significantly longer backlogs as well as stepped up inflation of input costs, especially freight, papermaking chemicals and packaging supplies.