This story was originally published on Packaging Dive. To receive daily news and insights, subscribe to our free daily Packaging Dive newsletter. Dive Brief: Cascades is ending its work in the honeycomb paperboard and partition packaging product sectors and closing three plants — one in York, Pennsylvania, and two in Quebec — which will affect a total of 114 employees. The plants serve “niche markets that are no longer aligned with the company's long-term growth plans,” according to a Thursday announc ...

US-based packaging manufacturer Xpert Packs has announced a new collection of custom tube packaging solutions, aimed at businesses seeking sustainable alternatives. The range targets various sectors, including food, confectionery, and cosmetics. The recently launched series features packaging options for snacks, teas, dry fruits, candies, and cosmetic products. All tubes are produced using recyclable and biodegradable paper and cardboard. A company press release dated 5 February stated: “Utilising pre ...

The Saint-Césaire facility specializes in the manufacturing of cardboard partitions for the beverage market. The plant's profitability has been negatively impacted over several years due to a continuous decrease in market demand. The plant's geographic distance from its main customers has also reduced its competitiveness. As a result, operations will cease no later than April 17, 2026, impacting 25 employees. Cascades will work closely with the employees of these three plants to provide the support needed t ...

This story was originally published on Packaging Dive. To receive daily news and insights, subscribe to our free daily Packaging Dive newsletter. While packaging industry layoff announcements in January largely came from manufacturers specializing in plastics, those that handle other materials were not exempt. International Paper, for instance, disclosed during an earnings call that it anticipates closing at least seven facilities in Europe, the Middle East and Africa and cutting at least 700 employees ...

Group 1: Rogers Communications - The company reported a profit attributable to shareholders of $743 million or $1.37 per diluted share for the quarter ended Dec. 31, an increase from $558 million or $1.02 per diluted share in the same quarter of the previous year [1] - Revenue totaled $6.17 billion, up from $5.48 billion in the same quarter a year earlier, driven by a significant increase in media revenue, which rose to $1.24 billion from $547 million [2] - Wireless revenue for the quarter was $2.97 billion, slightly down from $2.98 billion a year earlier, while cable revenue remained stable at $1.98 billion [2] Group 2: Canadian Pacific Kansas City (CPKC) - CPKC reported a 10% decline in net income to $1.08 billion for the quarter ended Dec. 31, down from $1.20 billion in the same period a year earlier [3][7] - Fourth-quarter revenues rose 1% to $3.92 billion from $3.87 billion, supported by a 3% increase in grain and container revenue [4] - For the full year, CPKC's net income increased by 11% to $4.14 billion, with revenues climbing almost 4% to $15.08 billion [4] Group 3: CGI Inc. - CGI reported a first-quarter profit of $442 million, up from $438.6 million a year earlier, with revenue rising nearly 8% to $4.08 billion from $3.79 billion [9][10] - The profit per diluted share for the quarter was $2.03, an increase from $1.92 per diluted share a year earlier [9] - CGI announced a collaboration deal with OpenAI to expand the use of artificial intelligence across its business and assist clients in adopting it [10] Group 4: Cascades Inc. - Cascades has agreed to sell a packaging plant to Crown Paper Group for $65.5 million, including real estate assets, with the transaction expected to close soon [14] - The CEO stated that the sale is part of the company's commitment to improve profitability and optimize operations [15] - This transaction follows another deal where Cascades sold a flexible packaging plant to Five Star Holding for $31 million [15]

Pretium Packaging has reached an agreement with a majority of its lenders to restructure its debt and maintain operations, reported Bloomberg, citing sources. US-based private equity company Clearlake Capital Group will retain its status as the principal shareholder under the newly signed arrangement with creditors, the unnamed sources indicated. Pretium is currently engaging with additional creditors, requesting that they sign non-disclosure agreements prior to reviewing details of the proposed transac ...

Core Insights - Packaging manufacturers are expanding their operations in North America, focusing on new facility openings rather than upgrades to existing locations [1] Group 1: Company Expansions - Buckeye Corrugated has opened a 100,000-square-foot manufacturing and distribution facility in Reno, Nevada, marking its first entirely new corrugated production facility, aimed at enhancing West Coast reach and supply chain efficiency, with an expected employment of 20 to 25 production workers [4] - Specialty Packaging Group has launched a new 50,000-square-foot facility in Guadalajara, Mexico, to meet increased customer demand for crate solutions in the North American AI and data center sectors, aligning with its sustainability initiatives [4] - ePac Flexible Packaging is investing in its European operations, with upgrades at facilities in Austria, France, Poland, and the United Kingdom, including digital printing press installations and pouch converting capabilities [4] - Minerals Technologies is expanding its paper and packaging business in Asia, with a new satellite plant in China expected to be commissioned early next year, adding to its existing facilities in China and India, and has doubled capacity at a plant in India last year [4]

Group 1 - Burgopak has partnered with Placard to create a dual-slide bank card packaging format for fintech company Emerge, moving away from traditional mailing methods [1][4] - The new packaging features a belt-driven sliding mechanism that enhances the unboxing experience, addressing "unboxing apathy" [1][3] - The packaging is designed to align with Emerge's brand identity, aiming to transform a routine experience into a memorable one [2][3] Group 2 - Placard is responsible for the precise engineering of the packaging, which includes 300gsm artboard, holographic foil, and spot UV printing [2][3] - The manufacturing process requires tolerances of less than half a millimeter to ensure smooth operation of the sliding mechanism [3][4] - In June 2024, Burgopak will also collaborate with dtcpay on sustainable packaging for its global payment card [4]

Core Viewpoint - Sealed Air has confirmed the expiration of the 30-day 'go-shop' period related to its sale to funds affiliated with Clayton, Dubilier & Rice (CD&R), with the transaction valued at $10.3 billion [1][3]. Group 1: Transaction Details - The definitive agreement for the acquisition was made in November, with CD&R's affiliated funds set to acquire all outstanding shares of Sealed Air's common stock for $42.15 each [1]. - The go-shop period closed at 11:59 PM Eastern Time on December 16, 2025, during which Sealed Air's financial adviser, Evercore, approached 29 potential bidders [2]. - Six parties signed confidentiality agreements and accessed nonpublic information, but none met the criteria to be considered an 'excluded party' under the merger agreement [2]. Group 2: Post-Transaction Status - With the end of the go-shop phase, Sealed Air is now under standard no-shop restrictions, with exceptions for customary 'fiduciary out' provisions [3]. - The transaction is expected to be completed in mid-2026, pending shareholder and regulatory approvals [3]. - Upon completion, Sealed Air will become a privately held company, and its shares will be delisted from the New York Stock Exchange [3]. Group 3: Company Developments - Sealed Air will maintain its headquarters in Charlotte, North Carolina [4]. - Evercore served as Sealed Air's exclusive financial adviser, while Latham & Watkins acted as legal counsel [4]. - Recently, Sealed Air appointed Russell Grissett as global food president, who previously led TOPPAN Packaging Americas [4].

Core Viewpoint - D6 Inc. has announced the acquisition of a Richmond, Illinois extrusion facility from Good Natured Products, enhancing its manufacturing capabilities and supporting its strategic investment in a closed-loop operating model [1] Group 1: Acquisition Details - The acquisition is an all-cash transaction, indicating a direct financial investment by D6 Inc. [1] - The facility spans approximately 75,000 square feet, which will contribute to D6's domestic manufacturing footprint [1] Group 2: Strategic Implications - This acquisition accelerates D6's strategic investment in its vertically integrated operations, which focus on high-performance, high-PCR content food-grade packaging [1] - The move is part of D6's broader strategy to enhance its operational efficiency and sustainability in the packaging industry [1]