Board Converting News, December 11, 2023

Inno-Pak Acquires (CONT’D FROM PAGE 1)

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.

our ongoing investments in paper capacity as we continue to innovate to make packaging more eco-friendly.” Jon Sill, Chairman of Inno-Pak, added, “Inno-Pak stands at an important inflection point with several favorable trends in our end markets of the food service, grocery, convenience store and hospitality industries. “The acquisition of Albany enhances our ability to cap- italize on these positive trends with one of the most di- verse custom and stock folding carton programs. With our recent portfolio additions and our continued investments in innovation, we are better positioned to serve our cus- tomers.” “We are excited by Inno-Pak’s focus on innovative, sustainable, high-quality packaging, which is reflected in its vast product offering and differentiated ability to work across multiple substrates and product types to stay ahead of consumer preferences and trends,” said Stan En- gelberg, Owner of Albany. “We look forward to building on our success and taking our dedication and service to our customers and the envi- ronment to the next level together with Inno-Pak.” The transaction marks the third acquisition by Inno-Pak over the past two years, following the acquisitions of Stalk Market in February 2022 and Finishing Services Inc. in March 2023. Terms of the transaction were not disclosed.

REGION E. Coast Midwest Southeast Southwest

42# Kraft liner $955.00-960.00 $970.00-980.00 $970.00-980.00 $ 970.00-980.00 $1000.00-1010.00 $973.00-983.00

26# Semi-Chem. Medium

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

$ 890 .00-9 4 0.00 $9 0 5.00-9 2 5.00 $9 0 5.00-9 2 5.00 $9 0 5.00-9 2 5.00 $9 2 5.00-9 4 5.00 $9 0 8.00-9 2 8.00

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

$9 2 0.00 $ 96 5.00

$9 1 0.00 $9 4 5.00

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December 11, 2023

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