Packaging Briefs – MONDAY, APRIL 12
January 29, 2014
Fraser Papers obtains court approval for sale of specialty papers business
Fraser Papers Inc. announced that it obtained final approval on April 6 from the Ontario Superior Court of Justice (Commercial List) to complete the sale of its specialty papers business to Twin Rivers Paper Company Inc. ("Twin Rivers") (the "Transaction"). At a hearing this in the United States Bankruptcy Court for the District of Delaware, the court approved recognition of the Canadian Court Order and the sale of the U.S. assets. The Company also announced that the Court has granted a further extension of the initial Order under which Fraser Papers was granted creditor protection under the Companies' Creditors Arrangement Act ("CCAA"). This extension is through July 9, 2010 and was supported by PricewaterhouseCoopers Inc., the Court appointed Monitor of the Company's CCAA process.
Amcor Flexibles expands blown film capabilities
Amcor Flexibles Europe & Americas announces the installation of a new, nine-layer, high-performance blown film line in a controlled environment in Amcor Flexibles’ Mundelein, Ill., facility. Specifically tailored to the production of medical films, the new line is equipped with auto-gauging, web cleaners, and vision systems to ensure high quality.
KUKA Robotics joins partners in THINC
KUKA Robotics Corporation joins Partners in THINC. This collaborative environment and technology center, created by Okuma America Corporation, connects leading technology providers and creates a partnership that will provide the lowest cost, best solution to meet the needs of manufacturing worldwide. The Partners in THINC facility provides a noncompetitive meeting ground where more than 30 innovative companies share their expertise, testing new ideas and sharpening solutions for real world manufacturing industry settings through the power of THINC. KUKA Robotics will have a robotic demonstration, testing, and training cell at the facility.
Sealed Air celebrates 50th anniversary by ringing the NYSE Closing Bell
Sealed Air Corporation, who introduced Bubble Wrap brand cushioning to the world in 1960, turns 50 this year. To mark the 50th anniversary of incorporation, the Company announced today that William V. Hickey, President and Chief Executive Officer, and other Sealed Air executives and directors will ring the NYSE Closing Bell® on Tuesday, April 13, 2010 at 4:00 p.m. (ET).
Alcoa and Choctaw Nation team up to distribute recycling bins
Alcoa announced that it will make available about 500 recycling bins to the Choctaw Nation of Oklahoma in an effort to encourage aluminum can recycling throughout the tribe. The 22-gallon green plastic bins are being donated by Alcoa Recycling and provided for distribution to individual tribe members. Last year, the tribe received about 300 bins that were distributed to Community Centers and Head Start centers.
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