Total U.S. Packaging Papers & Specialty Packaging Shipments Decreased Two Percent in January 2022

Tredegar Corporation announced that it has completed the previously announced sale of its personal care films (“Personal Care Films”) business to affiliates of Fitesa S.A. Commenting on the sale, John Steitz, Tredegar’s president and chief executive officer said, “We believe that in combination with Fitesa, a worldwide leader in nonwoven fabrics, Tredegar’s former personal care business will have improved opportunities for growth.” Cash proceeds from the sale net of transaction costs, purchase price adjustments and transition services are estimated at $45 to $50 million. Net cash income tax costs or benefits relating to the transaction are expected to be negligible. The transaction excludes the packaging film lines and related operations located at the Pottsville, Pennsylvania manufacturing site (“Pottsville Packaging”), which will now be reported within the Surface Protection component of PE Films.

The demand for environmentally friendly packaging continues to grow. This development is posing real challenges for brand owners. How do they make the switch to flexible packaging that is recyclable? What needs to be considered? How can the issue of recycling be advanced? And why does Europe still need to catch up on topics such as “defining recyclability” and “test methods”? Insight into these questions and more is featured in a new episode of Sappi's Blue Couch Series. *“Functional paper packaging – the path towards greater recyclability” *Julian Thielen, Head of the “Made for Recycling” service at Interseroh Plus, Kerstin Dietze, Key Account Manager for Paper and Packaging Solutions at Sappi, and Gustavo Duarte, Manager Competence Center Packaging Solutions at Sappi

Mondi has taken home a Hungaropack award for its sustainable paper-based FlexiBag at this year’s contest organised by the Hungarian Association of Packaging and Materials Handling. Mondi’s FlexiBag is made from renewable paper resources and enhanced with a functional plastic barrier ensuring premium product protection. The packaging impressed the jury with its potential to minimise plastic waste across numerous industries and sectors, most notably for dry perishable goods. In addition, the paper-based FlexiBag was recognised for its high-quality flexoprinting quality, which offers brands great shelf appeal. "We are honoured that this award acknowledges Mondi’s drive to deliver packaging that is sustainable by design. It is a testament to our EcoSolutions approach that puts our customers’ unique needs and environmental objectives at the heart of every project. Our paper-based FlexiBag is a direct result of this and a great example of impactful innovation as its adoption contributes to a better world." Sandor Kardos, Managing Director Mondi Békéscsaba