Sonoco Implementing Price Increases for Paperboard Tubes and Cores

Pregis recently named Jon T. McClure, president of its new $80 million blown film extrusion operation in Anderson, South Carolina. McClure brings more than 40 years of blown film operational excellence to Pregis. In 1997, he founded South Carolina-based ISO Poly Films, Inc., and served as the company’s chief executive officer until the company was sold in 2014. Under his leadership, ISO Poly Films became a leader in custom film production with two state-of-the-art manufacturing facilities and 160 employees, generating $115 million in sales.

Christoph Wachter took over as director of the Flexible Packaging Paper division at Koehler Paper in January 2022. He succeeds Eckhard Kallies, who has had great success in positioning, developing, and implementing a long-term strategy for this new business unit as part of a three-year mandate. Having invested over 300 million euros into the new production line 8 at its Kehl production facility, Koehler Paper entered the flexible packaging growth market in 2019. With Koehler NexPlus®, Koehler is now meeting the rapidly growing demand for sustainable packaging solutions. Christoph Wachter is taking over the division at Koehler Paper during a period of strong growth. He comes from Tyrol in Austria, is married, and has two grown-up children. The 58-year-old studied business administration and brings with him 30 years of experience in specialty paper in the paper industry, where his roles have included working as a CEO with international responsibility.

Q1 2023 Highlights: *Net Sales were $2,438 million, an increase of 9% versus the prior year quarter. *Net Organic Sales increased 1% versus the prior year quarter. *Net Income was $207 million, an increase of 93% versus the prior year quarter. *Net leverage was 3.1x versus 3.2x at year-end 2022.