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Photo illustration: Shaun Lucas/Industry Dive; Getty Images
Tracking packaging mergers and acquisitions in 2024
Memphis, Tennessee-based contract packaging company Premier Packaging has been acquired and has a new CEO.
Updated May 7, 2024 -
Courtesy of Colgate-Palmolive
Colgate says it might miss 2025 packaging recyclability target
Flexible bags and pouches are the key sticking points. In a sustainability report, Colgate-Palmolive also shared updates on transitioning its entire toothpaste portfolio to recyclable tubes, which became the subject of a lawsuit last year.
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Courtesy of Dionis Goat Milk Skincare
Packaging innovations: Bandit Wines cartons offer augmented reality, Huggies ups PCR in diaper bags
Plus, Dionis Goat Milk Skincare lotion now comes in refill pouches and American Packaging Corp. tackles pet food pouch recyclability.
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Courtesy of https://www.prnewswire.com/news-releases/sonoco-plastics-opens-new-albany-ohio-plant-to-commercial-production-176422751.html
Sonoco says higher snack, food prices hurt packaging sales volumes
Executives expect slower consumer spending, even when brands and retailers run promotions, to stretch into the second quarter and dampen sales.
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International Paper to raise fiber product prices again, others likely to follow, analysts say
A fresh wave of increases, reportedly occurring in June, could further rile markets following a monthslong controversy over price acceptance.
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Romeo Gacad via Getty Images
Packaging manufacturers discuss Q1 trends
Catch up on the latest earnings commentary from Sonoco, O-I, Graphic Packaging, Amcor, Crown, PCA, International Paper and Ball.
Updated May 3, 2024 -
Courtesy of O-I
O-I blames destocking as down quarter gives way to lower 2024 projections
O-I Glass muted sales volume estimates amid consumer weakness, and it expects customers’ excess capacity may temper typical seasonal demand. But April showed improvements over recent quarters, executives said.
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Permission granted by Graphic Packaging International
Graphic Packaging sees volumes improve, finalizes Georgia mill sale
Executives on Tuesday’s earnings call emphasized progress with “innovation” sales, including for the Boardio rigid fiber canisters, Nissin Cup Noodles fiber cups and Chick-fil-A fiber cold beverage cups.
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Permission granted by Amcor
Destocking abates, but healthcare market still a sticking point, Amcor says
Interim CEO Peter Konieczny also weighed in on packaging regulations advancing in the EU and the potential extension of some companies’ sustainability targets during a Tuesday earnings call.
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Permission granted by JBM Packaging
Deep DiveSecond chance hiring can bridge labor gaps, break employment barriers
Although some companies say they initially hire formerly incarcerated individuals to overcome a labor shortage, these programs can lead to less employee churn, lower recidivism and life-changing impact, advocates say.
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Retrieved from Facebook on April 29, 2024
Alternative Packaging Alliance aims to reshape the narrative around wine formats
The group, launched by seven brands that offer high-end products in boxes and alternative formats, aims to educate consumers and retailers about the carbon footprint of glass bottles.
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LordRunar via Getty Images
Crown projects up to 5% volume growth in North America this year
CEO Tim Donahue said that after notable destocking in the fourth quarter, business is bouncing back in Europe this year, where one of two new plants recently got up and running.
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Permission granted by Ball Corporation
Ball navigates shifting beverage markets after aerospace sale, Bud Light boycott
Volumes and mix for Ball are shifting as the beer market resets. In the can maker’s first earnings call since completing the sale of its aerospace business, executives detailed plans for significant stock buybacks in 2024.
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Courtesy of International Paper/Cision
Fire and ice cool International Paper’s Q1 earnings
January and February incidents resulted in notable charges. CEO Mark Sutton, during his last earnings call before retirement, discussed volume trends but didn’t comment on the announced DS Smith acquisition.
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Christopher Furlong via Getty Images
Unilever reality-checked its 2025 plastic packaging targets. Will more companies do the same?
Brands and packaging makers have more knowledge and resources today than when they coalesced around common sustainability targets. Emerging regulations will also reshape goal-setting, industry observers say.
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Courtesy of Champagne Telmont
Packaging innovations: Telmont goes ‘193,000 shades of green,’ DavidsTea’s pouch breakdown
Plus, substrate substitutions and other packaging launches from Graphic Packaging International, Rudholm Group, Ranpak and Orlandi.
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Rost-9D via Getty Images
Fiber markets move toward recovery from pandemic-era imbalances
Paper packaging and board demand is pulling up from a 3% dip last year, according to analysts from Fastmarkets RISI, Bank of America Global Research and Truist Securities. But pricing controversy remains.
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Buissin, Philippe. (2024). Retrieved from European Parliament Multimedia Centre.
// EU packaging regs advanceEU Parliament votes in favor of PPWR
A vote Wednesday advances approval of the sweeping packaging rules, but finalization isn’t expected until after a new Parliament is elected later this year.
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Permission granted by O-I Glass
O-I to supply returnable wine bottles
O-I Packaging Solutions is partnering with Oregon-based startup Revino to circulate refillable glass bottles designed for up to 50 uses.
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samritk via Getty Images
PCA’s corrugated product shipments rise as demand rebounds
Demand in Q1 exceeded Packaging Corp. of America's expectations, said CEO Mark Kowlzan. Executives again expressed frustration with the impact of Fastmarkets RISI’s pricing index and noted the search for alternative methods.
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rarrarorro via Getty Images
Colorado legislature greenlights ‘medium’ scenario for EPR implementation
A revised needs assessment showed that the producer-funded program cost could range between $190 million and $310 million come 2035. The recycling rate could reach 58% by that year, an estimate shows.
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Permission granted by DS Smith
Acquisition of DS SmithInternational Paper-DS Smith deal faces few barriers following Mondi’s exit, analysts say
The companies don’t expect regulator pushback thanks to their complementary geographies. Although IP outlined efforts to prevent disruption to existing employees, 400 layoffs could result from the deal.
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Courtesy of Mondi Group Plc
Acquisition of DS SmithMondi ends bid for DS Smith following International Paper deal
Mondi’s announcement comes days after the boards of International Paper and DS Smith recommended that those two companies combine and days before a deadline to submit a potential counteroffer.
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wragg via Getty Images
CMI weighs in on Biden’s call for tariff increases
Trade with China is a key issue ahead of the 2024 presidential election. The Can Manufacturers Institute says the Biden administration should take greater action to mitigate impacts from steel and aluminum imported goods.
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Justin Sullivan via Getty Images
General Mills’ packaging recyclability inches up, food-grade PCR use poses a challenge
The company reported incremental progress on making all of its packaging recyclable or reusable by 2030. It also said that packaging constitutes 8% of its value chain’s GHG emissions.
