Recent Articles

The Albany-Dougherty Economic Development Commission announced Tuesday the expansion of Pratt Industries, resulting in more than $18 million in capital investment and the creation of 30 new jobs.

The mills Eerbeek and Baiersbronn together have an annual capacity of about 245kt of virgin fiber-based cartonboard (FBB) produced on two board machines and employ approximately 400 people. Sales reached Euro 195 million in 2020.

Platinum Equity announced that it has completed the acquisition of McGraw Hill, a global leader in educational content and digital platforms, for a purchase price of approximately $4.5 billion.

Interfor is expecting production disruptions at its British Columbia Interior, Canada, sawmills during the 3Q 2021 due to the ongoing impacts of wildfires and other factors on log supply.

The Mayr-Melnhof Group (MM) has completed the acquisition of Kotkamills, Finland, which was agreed in December 2020, after receiving approval from all relevant competition authorities. Through the acquisition, MM strengthens its position in the virgin fiber cartonboard (FBB) market with an attractive range of barrier cartonboard solutions that can replace PE (polyethylene) -coated cartonboard.

Novolex®, a leader in packaging choice, innovation and sustainability, has acquired Vegware, a rapidly growing international provider of compostable foodservice packaging headquartered in Edinburgh, U.K. Vegware's teams in both the U.K. and U.S. are expected to join the Novolex family. The Vegware brand will remain intact as part of Novolex's Eco-Products portfolio of brands and will continue to sell its products under the Vegware label.

CatchMark Timber Trust, Inc. announced its Triple T joint venture has reached a definitive agreement with a client of the Hancock Natural Resource Group, Inc., a Manulife Investment Management company, to sell 301,000 acres of prime East Texas timberlands for approximately $498 million in cash, or approximately $1,656 per acre.

Amcor plans to invest over $10 million in MSU's School of Packaging - the largest investment in the history of the university's College of Agriculture and Natural Resources (CANR), under which the School of Packaging sits.

Mercer International Inc. said it is very, very pleased to announce that it received approval from the applicable Bankruptcy Court for a sales Order approving the acquisition by its wholly-owned subsidiary of a state-of-the-art CLT manufacturing facility located at Spokane, Washington (the "Facility") for a price of $50 million, subject to customary adjustments. The closing of the sale is scheduled to occur shortly.

Ladies and gentlemen, the first class of inductees to the Paper Industry International Hall of Fame in Appleton, Wisconsin was inducted more than two decades ago in 1995, and today, close to 150 papermaking innovators and legends have been enshrined. This month, we profile the late Jasper Mardon, who was inducted into the Hall of Fame in 2010

The PM40 closed Friday, 13 August 2021, at 4353.

Get the latest PM40 updates by listening to the weekly Nips show and the PM40 Daily Show on Pulp & Paper Radio International.

In this issue of Disconnected Comparisons, we evaluate Louisiana Pacific and Veritiv.

The PM40 closed 13 August 2021 up 40.3% from the 14 August 2020 level.

HelloFresh, the world's leading meal kit company, Pratt Industries, America's 5th largest corrugated packaging company, and food rescue organization Second Helpings Atlanta (SHA), have teamed up to provide 8,000 meals per week to those facing food insecurity in Atlanta.

Minnesota Power is seeking millions from Verso Corp., the previous owner of the Duluth paper mill, and warns that other ratepayers could be on the hook if state regulators don't step in to sort things out.

Amcor, a global leader in developing and producing a diverse offering of responsible packaging solutions, announced the launch of a proprietary healthcare lidding technology that will be utilized for combination products - those consisting of two or more regulated components (device, drug or biologic).

R.R. Donnelley & Sons Company, a leading global provider of marketing and business communications services, announced the launch of an omnichannel offering designed to meet the education industry's need for elevated communications agility that maximizes the value of each step in the student journey.

Kimberly-Clark announced that it was named to Seramount's (formerly Working Mother Media) fifth annual Inclusion Index for the second consecutive year. The Inclusion Index recognizes companies that are leading the way in creating diverse and inclusive work environments.

Indiana students heading to college can get free, recyclable moving boxes, thanks to a "Pack to School" campaign announced by DS Smith, a leading paper and corrugated packaging supplier, and Indianapolis Public Schools (IPS).

In the initial summons and complaint filed in May, the court case states Sanilac County resident Kimberly Cory's employment was terminated by the company in an alleged restructuring that lowered the median age of employees by eight years, from 51 to 43.

Greif, Inc., a global leader in industrial packaging products and services, announced that it is implementing a $70 per ton price increase for all grades of uncoated recycled paperboard (URB) and an 8.5 percent increase on all tube and core and protective packaging products.

Sonoco announced it will raise the price for all paperboard tubes and cores by a minimum of 8 percent, effective with shipments in the United States and Canada, on or after September 10, 2021.

Menasha Corporation has released its 2021 Corporate Social Responsibility Report, an annual publication highlighting the company's environmental, social and governance performance during calendar year 2020 and the first half of 2021.

Cascades Sonoco, a joint venture between Cascades Inc. and Sonoco Products Company, announced its Birmingham facility has been certified SQF (Safe Quality Food), a GFSI (Global Food Safety Initiative) benchmarked certification standard.

Sonoco announced it is implementing a $70 per ton price increase for all grades of uncoated recycled paperboard (URB) in the United States and Canada, effective with shipments beginning September 7, 2021.