Five Star is acquiring the flexible packaging operations, while Cascades will retain ownership of the real estate at the Mississauga site.
The press can produce up to 8,000 square meters per hour, with a linear speed of 80 meters per minute.
The board has elected to suspend dividends until at least September 2026 to retain earnings and support the new strategy.
BASF will hold a 40% equity stake in the new company formed after the sale.
The consolidated company operates as BW Packaging, bringing all its products, technologies, and services under one brand.
The bill mandated a 30% reduction in single-use packaging over 12 years for covered companies
Based on a trading update, Mondi PLC announced a prolonged demand slump, causing its shares to fall to their lowest price since 2013
The board is designed to endure temperatures down to -18°C (0°F), while preserving its integrity and avoiding delamination
The labels can be detached without leaving any residue and without impairing the coating.
Out of the 29 submissions from the Nordic countries, three DS Smith packaging designs have been awarded