UPM Specialty Papers now offers compostable label face papers for fruit and vegetable stickers

SEE announced today that it has completed the previously announced acquisition of Liquibox for a purchase price of $1.15 billion on a cash and debt-free basis. This strategic acquisition unites two leaders in the global flexible packaging industry and aligns with the high-performance growth and innovation cultures of both companies. Liquibox is a pioneer, innovator and manufacturer of Bag-in-Box sustainable fluids & liquids packaging and dispensing solutions for fresh food, beverage, consumer goods and industrial end-markets. This acquisition accelerates SEE’s fastest growing segment, the CRYOVAC® brand Fluids & Liquids business. CRYOVAC® technology, scale and market access provide a significant source of synergies. This acquisition contributes to and fast tracks SEE’s transformation to become a world-class, digitally driven company automating sustainable packaging solutions.

Sonoco Products Company announced that it has initiated a review of strategic alternatives for the Company’s Thermoformed & Flexible Packaging (“TFP”) business, a part of the Company’s Consumer Packaging segment. Exploring alternatives for the TFP business is expected to accelerate Sonoco’s portfolio simplification strategy, improve pro forma leverage and further increase shareholder value. Sonoco’s TFP is a market leading thermoformed and flexible packaging business serving a wide range of customers in food, retail and medical markets. TFP provides a variety of complex packaging to value-added categories including snacks, condiments, healthcare, prepared meals, fresh products and coffee and pet. On a pro forma standalone basis, TFP had revenue of $1.3 billion in 2023.

The role of food packaging in improving resource circularity has become more vital than ever as the emphasis on sustainability increases across the globe, especially in Europe. With that, many brands are facing the challenge of providing more sustainable packaging solutions without compromising consumers’ convenience and product safety. Consumer and market expertise are critical to staying up to date with new and upcoming sustainability requirements and having the ability to leverage breakthrough innovations to incorporate them in the development of new solutions. Aptar’s SimpliCycle, a fully recyclable valve for use in dispensing closures, is a recent demonstration of Aptar’s commitment to sustainability without compromising performance. Like other flow control valves that we have brought to market over the past 30 years, the SimpliCycle valve results in a clean and controlled product dispensing throughout the life of the package. With SimpliCycle, consumers get a cleaner and more convenient product squeeze while brand owners benefit from a fully recyclable closure.