Sustainable Landscape Shifts For Label Producers BY GREG KISHBAUGH
River Associates Acquires ID Label Inc.
River Associates Investments, a lower middle market private equity firm based in Chatta- nooga, Tennessee, has acquired ID Label, Inc. Founded in 1994 and based in Lake Villa, Illi- nois, ID Label is a manufacturer of variable information barcode labels and warehouse signage for 3PLs and multi-site manufacturers. The company provides design engineering, production, signage and nationwide installa-
In the third session of the FINAT European Label Forum (ELF) 2024, presenters explored the evolving landscape of sustainability, with a fo- cus on regulations, technology, and industry collaboration. The session provided insights into the industry’s advancing corporate sustainability reporting directive (CSRD), the potential of smart packaging to reduce food waste, and readiness for the upcoming EU Packaging and Pack- aging Waste Regulation (PPWR). Michel Scholte, co-founder of the Impact Institute and True Price, delved into the transformative potential of the EU Corporate Sustain-
tion services for warehousing, supply chain, manufacturing, electronics, calibration, medi- cal, laboratory, lumber and library end markets. Amcor, Berry To Combine In All-Stock Transaction Amcor and Berry Global have entered into a definitive merger agreement, pursuant to which Amcor and Berry will combine in an all- stock transaction. Berry shareholders will receive a fixed ex- change ratio of 7.25 Amcor shares for each Berry share held upon closing, resulting in Amcor and Berry shareholders owning ap- proximately 63 percent and 37 percent of the combined company, respectively. The move creates a global product offering in flexibles, containers and closures by com- bining Amcor’s global flexibles and regional containers businesses with Berry’s regional flexibles and global containers and closures
ability Reporting Directive (CSRD). Scholte presented CSRD as a mile- stone in the journey toward a sustainable economy, aiming to integrate social and environmental impact into corporate financial reporting. He highlighted the “True Pricing” movement, which advocates for prices that reflect social and environmental costs. Scholte argued that CSRD marks a pivotal shift in how Europe values business impact, urging companies to balance business performance with well-being and plan- etary health. By requiring companies to report on material social and environmental impacts, CSRD challenges businesses to go beyond transparency and work toward substantive change. Scholte’s examples included an Amsterdam, The Netherlands-based supermarket that adopts True Pricing on products like bananas and broccoli, showing the real social and environmental costs alongside the retail price. The introduction of impact accounting under CSRD, he noted, would drive significant market shifts, creating value for compa-
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December 16, 2024
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