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Central National Gottesman acquires Lewis Paper International (relevance: 11.1%, date: Jul 5, 2022)
Central National Gottesman Inc. (CNG) announced that its North American Distribution Division has acquired Lewis Paper International, Inc., a leading distributor of paper, packaging and wide-format products headquartered in Addison, Illinois.

Allen Ennis Joins Mill Rock Packaging as CEO (relevance: 11.1%, date: Jul 5, 2022)
Mill Rock Packaging Partners ("Mill Rock Packaging"), a specialty packaging platform that invests in growth-oriented companies with advanced service and product capabilities in the consumer packaging industry, announced that it has appointed Allen Ennis as Chief Executive Officer. Mill Rock Packaging is a portfolio company of New York-based Mill Rock Capital, a growth and operations-oriented private investment firm.

Mayr-Melnhof Group acquires Essentra Packaging (relevance: 11.1%, date: Jul 5, 2022)
In addition, this acquisition will expand MM's footprint into the US market with an important position in the East-Coast pharma hub.

IT Tech Packaging, Inc. Announces Notification of NYSE American Continued Listing Deficiency and Intention to Complete a Reverse Stock Split (relevance: 11.1%, date: Jul 5, 2022)
The Letter stated that because the Company's common stock had been trading for a low price per share for a substantial period of time, the Company was not in compliance with Section 1003(f)(v) of the Company Guide.

CR Meyer Announces Leadership Succession Plan (relevance: 11.1%, date: Jul 5, 2022)
By announcing the following promotions within the senior management team, CR Meyer culminates a thorough and well-crafted succession planning process to lead the company to the next period of growth.

Canfor invests $25 million to modernize its Estill facility in South Carolina (relevance: 11.1%, date: Jul 5, 2022)
Canfor Southern Pine (Canfor) is investing $25 million to modernize its Hampton County facility in South Carolina, South Carolina Gov. Henry McMaster and the S.C. Department of Commerce announced.

UFP Industries acquires a 50 percent stake in Dempsey Wood Products (relevance: 11.1%, date: Jul 5, 2022)
UFP Industries announced that its affiliate, PalletOne, Inc., has acquired a 50 percent equity stake in Dempsey Wood Products, LLC. The purchase agreement includes options for PalletOne to purchase the remaining 50 percent of Dempsey after three years.

Progroup breaks ground on Euro 90 million corrugated sheetfeeder plant in Germany (relevance: 11.1%, date: Jul 5, 2022)
Progroup is building a new corrugated sheetfeeder plant in south-west Germany, between the Palatinate villages of Petersberg and Höheischweiler. The company is investing more than Euro 90 million in the new building and is thus continuing to pursue its growth strategy. Production is set to begin in the second half of 2023.

IT Tech Packaging approves 1-for-10 reverse stock split to regain NYSE compliance (relevance: 11.1%, date: Jul 5, 2022)
IT Tech Packaging, Inc., a leading manufacturer and distributor of diversified paper products in North China, announced that, its Board of Directors has approved a reverse stock split of its common stock, par value $0.001 per share (the "Common Stock") at a ratio of 1-for-10 (the "Reverse Stock Split").

Worker dies at Mercer mill (relevance: 11.1%, date: Jul 5, 2022)
Mercer International Inc. is deeply saddened to announce that an employee has passed away at its Rosenthal mill in Germany on June 25, 2022. Mercer and local authorities conducted an investigation and so far determined that the tragic loss was not work related.

Fatal incident at Metsä Fibre Kemi bioproduct mill site (relevance: 11.1%, date: Jul 5, 2022)
There has been a fatal incident at the Kemi bioproduct mill site of Metsä Fibre. The accident took place at the installation site of the recovery boiler in the forenoon, the 25th of June, 2022.

Disconnected Comparisons (relevance: 11.1%, date: Jun 21, 2022)
In this issue of Disconnected Comparisons, we evaluate Boise Cascade and PCA.

RearView (relevance: 11.1%, date: Jun 21, 2022)
The PM40 closed 17 June 2022 down 5.3% from the 18 June 2021 level.

PM40 (relevance: 11.1%, date: Jun 21, 2022)
The PM40 closed Friday, 17 June 2022, at 3876.

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

Valmet to lay off 50% of its employees in Russia (relevance: 11.1%, date: Jun 21, 2022)
Valmet to lay off 50% of its employees in Russia as part of its plan to leave the country. Company has a total of approximately 140 employees in Russia, working primarily in sales, engineering, maintenance and financial administration. Valmet does not have production in Russia.

Metsä Group's 3D fibre product Muoto is a significant new initiative in the packaging market (relevance: 11.1%, date: Jun 21, 2022)
Metsä Spring, Metsä Group's innovation company, has launched a new 3D fibre product called Muoto®. Muoto has been produced at Metsä Group's and Valmet's demo plant in Äänekoski since May 2022, and is made of Metsä Group's wood fibres.

Amcor's new product rebranding initiative highlights differentiated and more sustainable packaging options (relevance: 11.1%, date: Jun 21, 2022)
Amcor has unveiled a product rebrand designed to give customers a clearer, holistic view of its growing portfolio of more sustainable packaging solutions. This significant marketing effort provides customers with greater visibility and transparency of Amcor's extensive product portfolio that has grown over the years through innovation and strategic acquisitions.

UPM Plywood is taking another step with WISA BioBond to help builders meet sustainability targets (relevance: 11.1%, date: Jun 21, 2022)
Starting from May 2022, the lignin-based WISA® BioBond bonding technology is being used in all UPM's WISA spruce plywood products. WISA BioBond is UPM Plywood's proprietary bonding technology in which at least 50% of fossil-based phenol in the glue is replaced with wood's own natural bonding agent, lignin. UPM is the first plywood manufacturer in the world to adopt such a lignin-based solution in its entire range of spruce products.

UPM's latest commitment to Baltic Sea Action Group diverts ship-generated wastewater discharge from sea to land (relevance: 11.1%, date: Jun 21, 2022)
UPM is the first Finnish company, acting as a shipper and charterer, to discharge its ship-generated wastewater on land and utilise various circular economy solutions in wastewater treatment. The commitment has been published on the World Oceans Day, to Baltic Sea Action Group (BSAG). The new model will be implemented in the ports of Rauma, Hamina, Kotka and Pietarsaari, which are the four most important ports for UPM's operations.

Stora Enso raises its guidance for the full year 2022 operational EBIT due to sustained strong market conditions (relevance: 11.1%, date: Jun 21, 2022)
Stora Enso estimates that the previous full year 2022 operational EBIT guidance will be exceeded. Hence, the Company changes its full year 2022 operational EBIT guidance to be higher than the full-year 2021 of EUR 1,528 million. The previous guidance for the full year 2022 was an operational EBIT to be approximately in line with the full year 2021.

Dillard Named Sonoco's Chief Financial Officer (relevance: 11.1%, date: Jun 21, 2022)
Sonoco announced that Rob Dillard, who most recently served as the Company's Chief Strategy Officer, has been named Chief Financial Officer, effective July 1, 2022.

Metsä Board among the best of the best in EcoVadis 2022 rating (relevance: 11.1%, date: Jun 21, 2022)
Metsä Board, the leading European producer of premium fresh fibre paperboards and part of Metsä Group, has, once again, been awarded the Platinum level rating by EcoVadis for the company's sustainability and corporate social responsibility. Having improved the score to a record level 87/100 Metsä Board is among the highest 1% of companies assessed in the manufacture of corrugated paper and paperboard and containers of paper and paperboard.

Stora Enso - Which do you prefer, an e-book or physical book (relevance: 11.1%, date: Jun 21, 2022)
A new Stora Enso survey among 2,400 book readers of all ages in the UK, France, Germany, and the US found that people still overwhelmingly prefer physical books for their look, their feel and even their smell.

PotlatchDeltic to invest $131 million in Waldo, Arkansas sawmill (relevance: 11.1%, date: Jun 21, 2022)
PotlatchDeltic Corporation is investing $131 million to expand and modernize its Waldo sawmill located in Columbia County, Arkansas. The project will increase the mill's annual capacity from 190 million board feet of dimensional lumber to approximately 275 million board feet. The investment will also reduce the mill's operating costs significantly.

Gatik, Georgia-Pacific and KBX Announce Multi-Year Commercial Partnership to Disrupt Class 8 Short-Haul Market (relevance: 11.1%, date: Jun 21, 2022)
Gatik, the market leader in middle mile logistics, today announced a multi-year commercial partnership with Georgia-Pacific, one of the world's largest manufacturers and distributors of tissue, pulp and paper-based packaging, and KBX, the transportation arm for Koch Industries and an independent Koch company. Under the partnership, Gatik will automate part of the Georgia-Pacific-KBX on-road transportation network in the Dallas-Fort Worth metroplex, delivering goods round the clock, 7 days a week across a network of 34 Sam's Club locations.