WestRock Announces (CONT’D FROM PAGE 22)
Buy-Sell Agreements (CONT’D FROM PAGE 1 )
• Pete Durette is assuming the role of President, Corru- gated Packaging, leading the converting sales and op- erations for the corrugated box business. • John O’Neal is assuming the role of President, Global Paper. This new organization combines the sales and commercial operations of the Consumer and Corrugat- ed paperboard and containerboard businesses. • Tom Stigers is now responsible for the operations of all WestRock mills in the role of President, Mill Operations. By combining the Consumer and Corrugated mill oper- ations in one organization, WestRock will drive greater efficiency and effectiveness across the mill network.
organization’s survival. In this case, the document required performance-based assessments of the CEO’s mental competence. “A good buy-sell agreement can shelter a family busi- ness from costly disruptions caused by material events in- volving its owners,” says Sam Brownell, founder of Stratus Wealth Advisors in Kensington, MD ( stratuswealthadvi- sors.com ). “The right provisions can even keep company shares from falling into third party hands—an event that can damage the organization’s profitability or even threat- en its survival.” Out Of The Blue Family business crises are noted for their unpredictabil- ity. Here are just a few examples of some other “trigger events” that can put the bottom line at risk: Divorce: A family member’s divorce settlement grants the ex-spouse a batch of company shares--and a measure of unwelcome control over business decisions. The busi- ness faces a costly forced valuation and a search for cash to recapture stock. “When a member of a family business sues for divorce, very often the spouse’s attorney will try to attach compa- ny stock,” says John R. McAlister II, Vice President of The Beringer Group, Radnor, Pa., a family business consultancy ( theberingergroup.com ). “It might also come to light that
ARC Int’l Appoints DeGaetano Midwest Technical Sales Rep
Charlotte, North Carolina based ARC International has appointed Mike DeGaetano Midwest Technical Sales Representative. Degaetano comes to ARC with extensive experience in the packaging and printing manufacturing industry, and will be based in Aurora, Illinois. “We are fortunate to have Mike on board with ARC. His experience and understanding of converting operations will certainly benefit our customers in the Midwest region, as well,” said ARC President & CEO, Micheal Foran.
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Do you need printed sheets? We have your answer.. Introducing Heartland’s ColorCorr. This is “flexo-printing in the round”. On our corrugator we can print up to 109” wide. The advantage is that we can print the equivalent of ½ roll at a time and not be required to keep several rolls of very expensive preprinted paper on the floor. Much less waste and risk. In continual print mode, we use either laser-engraved rubber rolls or solid rubber rolls to print a “flood coat” or a repeating pattern. If we are printing a repeating pattern, we can run a two-color design on the paper. Customers have found that running sheets we print can allow them to run a lighter-grade due to reduced caliper loss, and in some cases eliminate one or more machine passes.
For more information contact: Charlie Freeman | 816-500-8889 | cfreeman@heartlandsheets.com Tim Kramer | 816-841-8317 | color@heartlandsheets.com
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June 7, 2021
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