Reynolds Group Holdings Limited ("Reynolds Group") today announced that it has entered into an agreement to sell its SIG Combibloc business to Onex Corporation for an aggregate amount of up to €3.75 billion, subject to certain adjustments based upon closing date cash and working capital. €3.575 billion will be paid to Reynolds Group at the closing of the transaction, with an additional amount up to the balance of €175 million payable depending on the financial performance of the SIG Combibloc business in 2015 and 2016.Read more
The two industry leaders International Paper (IP) and RockTenn also indicated they were growing more in line with overall industry box shipments, ending market share losses since their major acquisitions of Temple-Inland and Smurfit-Stone Container, respectively, in 2011-2012.Read more
Operating profit in 3Q was 11% higher to $60 million and net income showed a loss of $1 million.Read more
Essentra's $455 million acquisition of Clondalkin Group's specialist packaging division (SPD) includes five folding carton plants in the US and four in Europe focused on pharmaceuticals and healthcare.
Clondalkin's SPD has estimated 2014 revenues of $438 million, mostly in pharma and personal care, with 51 percent of revenues in cartons, followed by leaflets and labels.Read more
Diamond Packaging won 10 awards in the 71st annual North American Paperboard Packaging Competition, the industry's premier showcase for all that is new and outstanding in paperboard packaging design and technology. Awards were presented last month at the PPC Fall Meeting and Leadership Conference in Atlanta, GA.Read more
Benson Group, one of the UK's leading printed folding carton suppliers, has announced details of a safety award received from their parent company, Graphic Packaging International (GPI), for its manufacturing facility in Bardon, Leicestershire.Read more
A new study demonstrates that Reusable Plastic Containers (RPCs) used to ship fruits and vegetables in Canada are not properly sanitized and show traces of E coli.
The report, developed by a University of Guelph professor and researcher, Keith Warriner, indicates that sanitation standards of RPCs are inadequate for a second consecutive year. "We saw alarming levels of sanitization and significant risk for food contamination," said Warriner.Read more