Board Converting News, October 10, 2022

Max Solutions Acquires The Ellis Group

AVERAGE CONTAINERBOARD PRICES The average prices reported are tabulated from prices PAID by various sources throughout the United States the week previous to issue. Prices in some areas of the country may be higher or lower than the tabulated average. The prices tabulated here are intended only for purposes of reference. They do not connote any commitment to sell any material at the indicated average. Transactions may be completed at any time at a price agreed upon by seller and purchaser.

New York based Max Solutions, Inc., a specialty packaging company launched in 2021, has announced the acquisi- tion of the Ellis Group, Canada’s largest family owned and operated folding carton company. Founded more than 40 years ago, the Ellis Group currently operates three manu- facturing facilities in Ontario. “The Ellis Group will provide state-of-the-art technol- ogy for our customers and augment our offerings geo- graphically,” said Marc Shore, CEO of Max Solutions. “This partnership is complementary on many levels in that it supports and strengthens our common end markets, cus- tomers, and cultures.” Bill Ellis, CEO of the Ellis Group, said they knew how important it was to find a partner that shared their commit- ment to excellence, service, and valued employees. “I am extremely proud of the company we built and have great appreciation for everyone who has contributed to its suc- cess. Max Solutions has the expertise and experience to take the Ellis Group to the next level,” Ellis said. Dennis Kaltman, President of Max Solutions, said they are happy to be back in Canada. “Both Marc and I have operated in Canada for many years with Multi Packaging Solutions (MPS) and before that, Shorewood Packaging, dating back to 1984,” he said.

REGION E. Coast Midwest Southeast Southwest

42# Kraft liner

26# Semi-Chem. Medium

$1005.00-1010.00 $1020.00-1030.00 $1020.00-1030.00 $1020.00-1030.00 $1050.00-1060.00 $1023.00-1032.00

Short Ton Del. Short Ton Del. Short Ton Del. Short Ton Del. Short Ton Del. Short Ton Del.

$940.00-990.00 $955.00-975.00 $955.00-975.00 $955.00-975.00 $975.00-995.00 $958.00-978.00

West Coast U.S. Average

SHEET PRICES BY REGION (AVERAGE) Per 1MSF, local delivery included, 50MSF single item order, truckload delivery. Sheets

E. Coast Midwest South-SW S. CA N.CA/WA-OR US Aver.

200# 275#

$62.26

$72.05

$62.69 $82.80

$85.35 119.54

$73.13 101.29

97.32

99.89

90.86

113.65

OYSTER UP-CHARGE 8.34

8.34

8.34

8.34

8.34

8.34

275# DBL-WALL 350# DBL-WALL

107.46 118.45

114.69 129.32

116.54 137.25 117.82 145.56

141.08 148.46

122.76 131.80

CANADIAN SHEET PRICES (AVERAGE) In Canadian Dollars, per 1MSF, local delivery included, under 50MSF single item order, truckload delivery. 200# 275# Oyster UC 275#DW 350#DW $78.56 $99.18 $9.00 $96.32 $105.83 CANADIAN LINERBOARD & MEDIUM The average prices reported are tabulated from prices PAID by various sources throughout Canada. Prices may be higher or lower in various areas of the country. The prices tabulated here are intended only for purposes of reference. They do not connote any commitment to sell any material at the indicated average. Transactions may be completed at any time at a price agreed upon by seller and purchaser. Prices are Canadian $ and per metric ton.

42# Kraft Liner 26#

Semi-Chem Medium

East West

$970.00

$960.00 $995.00

$1,015.00

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October 10, 2022

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