Trioworld to acquire Palamy-BRJ

Lacerta Group LLC recently invested in expanded regional capabilities, new facilities, and innovative technology to strengthen our commitment to end-to-end customer service. Lacerta is a leading provider of innovative thermoformed packaging solutions that has built its reputation on product integrity, speed to market, and customer care. The acquisition of a facility in the Midwest and larger, consolidated warehousing space in the Northeast is helping customers across the country get packaging products faster and at a competitive price. Below you’ll find the details of our investments in 2022 that strengthen our continued dedication to serving our customers. Lacerta recently opened a fully refurbished and consolidated warehouse center in Attleboro, Mass. Lacerta also acquired the production facility and other assets of Portage Plastics Corporation in late 2022, expanding services in the Midwest and West markets. The 70,000-square-foot manufacturing and warehouse space include 11 thermoformers for production.

Highlights • Robust financial performance in a challenging environment ◦ Underlying EBITDA of €738 million with margin of 21.4% ◦ Profit before tax of €466 million ◦ Basic underlying earnings of 73.0 euro cents per share ◦ Cash generated from operations of €602 million ◦ Return on capital employed of 17.1% ◦ Strong balance sheet with 1.4 times net debt to 12-month trailing underlying EBITDA at 30 June 2020

Smurfit Kappa’s industry-leading new recovery boiler is now operating at its Nettingsdorf paper mill in Austria. The unveiling of the state-of-the-art boiler marks an important milestone in Smurfit Kappa’s Future Energy Plant project, which was a €134 million investment to increase the sustainability and efficiency of the leading kraftliner mill. The innovative new boiler will enable the plant to further boost energy optimisation at the mill. By recovering energy from the biomass contained in black liquor from pulp production, the new boiler is set to cut CO2 emissions by 40,000 tonnes, which equates to about two-thirds of the current emissions at the site, and 2.4% of those from Smurfit Kappa Europe.