Year In Review (Cont’d from Page 6)
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the globe. The collaboration will see Mondi make a $1 million in-kind and financial contribution to help WFP improve how it delivers nutritious food over a complex humanitarian supply chain, with an aim to reduce food waste and mitigate the im- pact of packaging on the environment. The North American flexible packaging market was valued at $40.14 billion in 2020 and is ex- pected to reach $48.39 billion by 2026 growing at a CAGR of 3.16 percent over the forecast period (2021-2026), according to a report by Research & Markets . Avery Dennison signed an agreement to acquire JDC Solutions, Inc. , a privately-owned manufactur- er of pressure-sensitive specialty tapes headquar- tered in Mount Juliet, Tennessee, for the purchase price of $24 million. JDC employs approximately 75 employees located at its headquarters and manu- facturing site in Tennessee, with approximately $30 million in annual revenue. Fort Dearborn Company , Elk Grove Village, Il- linois, acquired Hammer Packaging Corporation. Fort Dearborn Company is a supplier of decora- tive labels for the food, beverage, spirits, paint and coatings, household and personal care, beer and nutraceutical markets. The company has 19 oper- ating divisions in North America, employing more than 2,000 associates. Mactac , a Lintec company, acquired Duramark Products Inc. , previously known as Ritrama USA. The acquisition consists of the company’s Minne- apolis, Minnesota, and Moore, South Carolina, fa- cilities, including its new coaters and advanced automation technologies. Both locations were re- branded under the Mactac name. The Duramark Products locations in Minnesota and South Carolina employ 170 people. Esko closed the sale of its Kongsberg digital finishing business to OpenGate Capital on April 1. OpenGate Capital is a private equity firm headquar- tered in Los Angeles, California, with a European office in Paris and investments on five continents. The new business, Kongsberg Precision Cutting Systems, now employs 400 former Esko employ- ees operating from the business’ original research and development facility in Kongsberg, Norway, the production facility in Brno, Czech Republic, a new headquarters in Gent, Belgium, as well as oth- er global locations. Green Bay Packaging produced the first reel of paper at its newly completed recycled paper mill, which uses OCC and mixed paper feedstock. (Cont’d on Page 11)
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