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Day: September 5, 2022

Huhtamaki divests Russian operations to Espetina for US$150M

RUSSIA – Finnish consumer packaging company Huhtamaki has divested its Russian business to Espetina, a holding company owned by Alexander Govor and Iury Kushnerov for US$150 million. The move follows the firm’s earlier announcement to stop all investments in Russia at the outbreak of the invasion of Ukraine. The company had also previously suspended all investments in Russia in response…

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UBQ Materials earns UL 2809 recycled content validation for UBQ

ISRAEL – Israeli cleantech company created to convert unsorted household waste into a thermoplastic composite, UBQ Materials, has announced that it has achieved UL 2809 certification for its UBQ Powder. UL Solutions is a global safety science leader that holds companies accountable for environmental sustainability claims through independent scientific assessments. The UL 2809 certification confirms that UBQ Powder is composed…

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Fortis wraps up acquisition of flexible packaging manufacturer Digital Dogma

US – US-based printed packaging company Fortis Solutions Group (Fortis) has completed the acquisition of Digital Dogma, a supplier of pressure-sensitive labels, shrink sleeves and flexible packaging. Based in Santa Fe Springs, California, Digital Dogma serves companies in the food and beverage, wine and spirits, nutraceutical, health and beauty, and industrial end markets. The company has manufacturing locations in Santa…

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Aquapak inks distribution deal with Resinex for barrier packaging technology

UK – Polymer technology firm Aquapak has signed a distribution deal with Resinex, a pan-European plastics and rubbers distribution company for barrier packaging technology. Under this agreement, Resinex will distribute Aquapak’s Hydropol on an exclusive basis as a barrier film in all European countries, except Italy, Spain and Portugal. Aquapak says that the barrier packaging market in Europe is worth…

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