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آرشیو برچسب های: industrial packaging

One Equity Partners to sell Walki to Japan’s Oji Group

One Equity Partners announced that it has entered into a definitive agreement to sell Walki Holding Oy, a pan-European supplier of sustainable and high-performing packaging and engineered materials solutions, to Oji Holdings Corporation, a Japanese paper products technology company.

 

Founded in 1930 and headquartered in Espoo, Finland, Walki is a specialty packaging materials manufacturer, offering consumer and industrial packaging for food and specialty consumer products, as well as engineered materials, such as insulation and fire-retardant facings, sustainable membranes, and protective clothing applications. The Company has 17 production facilities worldwide and employs more than 1,700 people. OEP’s acquisition of Walki closed in July 2018.

 

 

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International Paper reports Q2 net earnings of $235 million

International Paper (IP) reported Q2 2023 financial results. Net earnings were $۲۳۵ million ($۰.۶۸ per diluted share), Adjusted operating earnings were $۲۰۴ million ($۰.۵۹ per diluted share).

“In the Q2, the operations of International Paper continued to run well and we managed our businesses effectively in a challenging demand environment,” said Mark Sutton, Chairman and CEO. “We continued to advance our Building a Better IP initiatives, including our commercial improvement and cost management opportunities. The benefits of that work and our strong financial foundation position International Paper well as we navigate the current economic environment.”

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Walki Group Partners with The Paper Lid Company to Make Recyclable Paper Lids

Walki Group, through its startup investment initiative Walki Ventures, has invested in Finnish start-up The Paper Lid Company (‘TPLC’). TPLC’s sustainable paper lid manufacturing site in Masku, Finland, is ready for scaling up production volumes supported by Walki’s material conversion and printing capabilities.

According to Walki, TPLC has developed a unique way of manufacturing high-quality recyclable paper lids. The lid fits firmly to the cup, has a pleasant touch and feel, can be custom printed and comes at a competitive price compared to plastic alternatives.

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