Board Converting News, January 15, 2023

Converter Outlook Park II (CONT’D FROM PAGE 30)

taught us all how to be resilient, prepared financially, and at the ready to handle whatever challenge may come our way. What has not changed was our commitment to the company by not only expanding our partition company Cell Pak but investing over a million dollars in capital im- provements in 2023. 2024 will again see more capital im- provements as we position ourselves for a future we know, we will again successfully navigate.”

start to pick up across our companies in Q4 of this year, I think we are heading out of it. Of course, being one of the leading indicators, that recession is now beginning to hit consumers. I have no crystal ball or PhD in economic theory, but we have been in the industry for quite a bit and have recognized some trends along the way. I at least hope I am right. “I think in 2024, we will see something along the lines of economic sentiment in the Obama years. During that time, things were not great, they were not bad, they were just ehhh! Slow and steady with many businesses fearing the rhetoric behind his campaign to clamp down on indus- try within the United States. I think it was a simply a time of unease and anticipation of what might be around the corner and with that, we all kept our heads down and trot- ted along. “Now, we have a President who has one more year in office who has created a few more challenges for the coun- try and an election that will divergently move the country in one of two directions. Either on the same path with even more questions about leadership within the country or on another path still yet undefined. Like I said, it feels like the uncertainty of the Obama years will be here for 2024. “Despite that, Valley Container, Cell Pak, Honey Cell, and Fluted Partition are all poised for whatever is to come. Being second generation, my dad, Rudy Niedermeier,

Graphic Packaging Welcomes Mark Connelly As New SVP

Atlanta, Georgia based Graphic Packaging Holding Com- pany, a provider of consumer packaging, named Mark Connelly Senior Vice President, Investor Strategy and De- velopment.

This new role augments Graphic Packaging’s outreach capability with an aim to expand and diversify the company's investor network globally. “In the past several years, we dra- matically reshaped our company to offer a full spectrum of sus-tainable packaging for consumers’ everyday

needs, both at home and on the go,” said Michael P. Doss, President and Chief Executive Officer at Graphic Packag- CONTINUED ON PAGE 34 Mark Connelly

• Machinery selection • Plant layout • Project Management • Consulting

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January 15, 2024

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