Rock-Tenn Co., Norcross, Ga., has settled $249 million in projected benefit obligations through a voluntary lump-sum offer to former employees who have yet to retire, said John Stakel, senior vice president and treasurer.
In July, an offer letter was sent to more than 9,000 former employees who were participants in the Rock-Tenn Co. Consolidated Pension Plan, Rock-Tenn Co. Pension Plan for Certain Salaried Employees and RTS Packaging LLC Consolidated Pension Plan.Read more
During RISI’s International Containerboard Conference earlier this month in Chicago, four AICC members took the stage to discuss how independent converters are changing the demand curve for containerboard. Tyler Howland of Sound Packaging, David Deline of Deline Box & Display, Greg Arvanigian of Arvco Container Corp., and Joe Hodges of Mid-Atlantic Packaging discussed what they ask of their paper suppliers.
“Our paper suppliers just tell us what we can use,” Arvanigian said. “So we’re looking overseas now for better sources.Read more
Build NYC Resource Corp., which promotes economic development in the city, plans to sell about $96 million of revenue debt for a unit of Pratt Industries, with proceeds going to refinance bonds and buy equipment.
The Pratt Paper (NY) Inc. facility will use some funds from this week's offer of unrated municipal securities to acquire machinery to convert wastepaper into recycled products, according to bond documents.Read more
Printers looking for a high performance and environmentally-friendly cleaning solution which effectively helps scour heavily soiled plates and anilox rollers, can now use Sun Chemical’s newest consumable technology, the SunVisto® Anilox Renew and the SunVisto Power Scrub.Read more
TAPPI is again offering its Best Practices in Corrugator course, Feb. 9-12 in Peachtree Corners, Ga. Last year's course sold out, so here's your chance to attend. If you work with a corrugator, this is your opportunity to learn how to:Read more