VPK Group agrees deal for acquisition of Encase (packagingnews.co.uk)

Q1 2024 Highlights *Sales of $1,109 million (compared with $1,138 million in Q4 2023 and $1,134 million in Q1 2023); *Operating income of $9 million (compared with operating loss of $(24) million in Q4 2023 and operating loss of $(80) million in Q1 2023); *Net loss per common share of ($0.20) (compared with ($0.57) in Q4 2023 and ($0.75) in Q1 2023); *Net debt1 of $2,020 million as of March 31, 2024 (compared with $1,882 million as of December 31, 2023). Net debt to EBITDA (A) ratio1 of 3.8x, up from 3.4x as of December 31, 2023; *On April 12, 2024, the Corporation entered into a $175 million delayed draw unsecured term loan credit facility to manage upcoming maturities; *Total capital expenditures, net of disposals, of $41 million in Q1 2024, compared to $46 million in Q4 2023 and $137 million in Q1 2023. The Corporation's 2024 forecasted net capital expenditures of approximately $175 million is unchanged.

When we think about corrugated packaging, boxes used for shipping goods are probably what comes to mind for most adults. However, when given to children, those same boxes bring to life a world of wonder and creativity. What child doesn’t gravitate to empty boxes for play? From castles and robots to forts and rocket ships, corrugated boxes inspire a child’s imagination and help them understand how the world around them works. We asked employees to share some creative ways they and their children have used corrugated boxes. While moving homes, six-year-old twins put extra corrugated packaging to good use building a private fort and backdrop for their toys. “I was worried the boys would have nothing to do while we packed up the last of our house,” said Mary Beth Sharp, Vice President of Marketing. “But they came home from school and were super excited when they saw the extra boxes. They each made their own space and were content long enough for us to finish loading the moving truck.”

Winpak Ltd. proudly announces its exceptional achievement in the 2023 Carbon Disclosure Project (CDP) assessment. With an outstanding score of A-, Winpak reaffirms its vision to provide the best packaging solutions for people and planet by addressing climate-related challenges and fostering a greener future. “Our A- score places us in the CDP leadership category and in the top 18% of disclosers for plastic product manufacturing”, said Phillip Crowder, Winpak’s Director of Corporate Sustainability. “This leadership level is a testament to the hard work of every member of our organization and our collective efforts to make a positive impact on the planet. Congratulations to all our dedicated employees on this outstanding accomplishment. Together, we are making a difference!”