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Press Release

US-based Highlander Partners to acquire Polish cardboard packaging manufacturer Druk-Pak from Penton Partners

By Tue, Feb 18, 2014

WARSAW, Poland, Feb. 18, 2014 (Press Release) -Highlander Partners ("Highlander"), through its portfolio company Akomex, has signed a conditional agreement under which it intends to acquire the shares of the Warsaw, Poland listed Druk-Pak from Penton Partners.

Business Wire

MWV ‘Packaging Matters’ study reveals global differences in role of packaging

By Wed, Feb 12, 2014

RICHMOND, VA, Feb. 12, 2014 (Business Wire) -MeadWestvaco Corporation, a global leader in packaging and packaging solutions, launched Packaging Matters, the company's second annual study of the role packaging plays in consumer purchasing behavior, brand loyalty and overall product satisfaction. This year, the research has expanded to 10 markets, including Brazil, China, Germany, India, Japan, Russia, South Africa, Turkey, the United Kingdom and the United States, to provide a broader perspective on the role of packaging around the world.

Business Wire

Packaging Corp of America 4Q 2013 results: Record net income, corrugated shipments up 24% on Boise acquisition

By Tue, Feb 11, 2014

LAKE FOREST, IL, Feb. 11, 2014 (Business Wire) -Packaging Corporation of America (PKG) reported today fourth quarter record net income of $227 million, or $2.33 per share. Earnings included special items of $1.70 per share of income from the reversal of tax reserves related to alternative energy tax credits, and after tax costs totaling $0.41 per share related primarily to PCA's acquisition of Boise Inc. on October 25, 2013. Excluding special items, net income was $101 million, or $1.04 per share, compared to fourth quarter 2012 net income, excluding special items, of $59 million, or $0.61 per share. Net sales were a record $1.3 billion in the fourth quarter compared to $737 million last year.

Bangor Daily News

Great Northern Paper could be revived by allowing owner to sell hydro electricity

By Thu, Feb 13, 2014

EAST MILLINOCKET, ME, Feb. 13, 2014 (Bangor Daily News) -Gov. Paul LePage's staff and state legislators met Wednesday to explore allowing Cate Street Capital to partner with the owner of several hydroelectric dams to sell electricity and create new revenue that could help restart the Main Street paper mill.

Business Wire

Bemis to sell paper packaging division to Hood Packaging, unit had sales of about $160 million in 2013

By Thu, Feb 13, 2014

NEENAH, WI, Feb. 13, 2014 (Business Wire) -Bemis Company, Inc. announced today that it has reached an agreement to sell its Paper Packaging Division to Hood Packaging Corporation, a privately-held company headquartered in Madison, Mississippi and Burlington, Ontario. Terms of the agreement were not disclosed.

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