Sonoco Reports Third Quarter 2024 Results

To offer our customers a full portfolio of packaging papers, UPM Specialty Papers has launched UPM SolideTM, a family of kraft papers that feature a versatile combination of strength as well as converting properties. All grades in the portfolio offer excellent printability to maximise the shelf impact of packaging. All papers in the UPM SolideTM family are recyclable in regular paper recycling stream. The UPM Solide portfolio offers a broad range of kraft papers to choose from, with substance ranging from 45 g/m2 up to 90 g/m2. Samples and trial reels of the UPM Solide portfolio are available. UPM SolideTM combines high strength and good printability. UPM SolideTM Smooth offers high printability with good strength. Excellent choice when you need the visuals of your product to make an impact. UPM SolideTM Strong offers excellent strength and good printability. The paper is free from optical brighteners, making it an excellent choice when you are looking to convey your natural image. UPM SolideTM Lucent is a natural white translucent paper with high strength properties. The smooth surface offers good printability and convertability.

Greif, Inc. announced it has entered into a definitive agreement to acquire Lee Container Corporation, Inc. (“Lee Container” or “Lee”), an industry-leading manufacturer of high-performance barrier and conventional blow molded containers, for a purchase price of $300 million before taking into consideration tax benefits with an estimated net present value of approximately $30 million. The all-cash transaction will be funded through Greif’s existing credit facility and is expected to close by the end of the calendar year, subject to customary closing conditions, including regulatory clearances. Lee Container is a leader in North American blow molded jerrycan production, primarily serving growth-oriented customers in the agrochemical, other specialty chemicals, oil & lubricant, and pet care segments. Lee Container operates three strategically positioned manufacturing facilities in Homerville, GA, Centerville, IA, and Nacogdoches, TX, with over 500 employees throughout the U.S. For the trailing twelve months ended September 30, 2022, Lee generated sales of $162 million and adjusted EBITDA of $33 million. Additionally, as part of the acquisition, Greif expects to realize approximately $6 million in synergies within the first two years of ownership.

Tetra Pak today announces the launch of the Tetra Pak® Industrial Protein Mixer, a groundbreaking new product designed to reduce product loss in liquid protein mixing. A direct response to the longstanding issue of foaming during the mixing phase of liquid food products, this innovative solution is set to improve food and beverage (F&B) manufacturers’ operational efficiency. Traditional methods of mixing in liquid food production often encounter problems with air entrapment and foaming, resulting in lost product. Foaming alone is estimated to cost approximately €276,400 annually in typical food and beverage production scenarios,1 making this mixer an important technological evolution for F&B manufacturers aiming to reduce their total cost of ownership, boost margins and improve product quality.