Board Converting News, December 29, 2025

Year In Review (CONT’D FROM PAGE 20)

affected 100 employees and layoffs were slated for Oc- tober 2025. • Cascades Provides Updates On Bear Island, Niagara Falls Operations: Montreal, Quebec based Cascades announced the early closure of corrugated manufac- turing operations in Niagara Falls in light of notable ton- nage increases at Bear Island. • AICC To Launch Next Generation Executives Program In Fall 2025: AICC announced the upcoming launch of its Next Generation Executives Program, a premier 18-month educational experience designed to prepare high-potential professionals in the packaging industry for executive and C-suite leadership roles. • Bay Cities Celebrates 69 Years Of Innovation, Owner- ship, And Impact: Bay Cities celebrated its 69th birth- day with Bay Day. Since 1956, Bay Cities has stood out in the world of industrial packaging, retail packaging, and in-store displays by staying true to its core: inno- vation, sustainability, and 100% employee ownership. • Greif To Sell Southeast Timberlands For $462M: Del- aware, Ohio based Greif has announced its agreement to sell the timberlands it owns across the southern U.S., to Molpus Woodlands Group for $462 million. • Colony P&M Expands Capabilities With Honeycell Packaging: York, Pennsylvania based Colony Packag- ing & Machine has announced the expansion of its con- verting capabilities in the honeycell corrugated pack- CONTINUED ON PAGE 24

• CUIR Corrugated Launches Report Editor Data Anal- ysis Software: CUIR Corrugated Converting Machinery announced the launch of its new data analysis soft- ware, a proprietary, in-house application developed to revolutionize how production performance is mon- itored, analyzed and communicated. • Lawsuit Accuses Containerboard Producers of Price Fixing: Containerboard producers are being hit with a class-action antitrust lawsuit accusing them of creating a “cartel” and engaging in price collusion to boost prof- its at the expense of customers. • G-P Announces Retirement of CEO and President, Christian Fischer: Atlanta, Georgia based Georgia-Pa- cific has announced the retirement of Christian Fischer, who served as president and CEO since 2017. • Colbert Packaging To Participate In Startup Moxie Program For High School Students: Elkhart, Indiana based Colbert Packaging announced its participation in Startup Moxie, an entrepreneurship-focused dual credit course helping high school juniors and seniors learn about the printing and production of folding car- tons. • Smurfit Westrock To Close Facility In Cedar Rapids, IA: Smurfit Westrock announced the closure of its Ce- dar Rapids facility, which produces corrugated packag- ing like standard cases, boxes and trays. The shutdown

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December 29, 2025

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