Board Converting News, August 15, 2022

Hood Container Acquires (CONT’D FROM PAGE 1)

Core Competency

Container.” Boluyt added, “I expect a seamless transition and successful future with Hood.” “Kentwood Packaging has a long history of providing superior products and customer service to the Grand Rap- ids markets,” said Charlie Hodges, President and COO, Hood Container Corporation. “Tom and Jack have created a company that has a culture of strong leadership, care for their employees, and stellar offerings to support and surpass their customers’ needs. The addition of Kentwood will help us to continue to build on those key qualities as we merge Kentwood and our own cultures going forward.” AF&PA Releases Q2 2022 Containerboard Report AF&PA has released its Q2 2022 Containerboard Quarter- ly report. Total Containerboard production in Q2 increased two percent compared to Q2 2021. It was also up two percent when compared to the same six months of 2021. New supply of containerboard (domestic production plus imports) was essentially flat compared to Q2 2021, as well as year-to-date. The Linerboard operating rate in Q2 was 94.3 percent, up 1.5 points from the previous quarter. The Medium operating rate for the quarter was 96 percent, down 0.6 points from Q1 2022.

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August 15, 2022

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