FMN_AUGUST14

Maxcess, Valley Grinding Form Strategic Partnership Maxcess International, a provider of automat- ed web handling solutions, and Valley Grinding & Manufacturing, a manufacturer of industrial knives and cutting blades, have signed a new agreement. The strategic partnership combines allows the or- ganizations to provide everything from local after- market support and services, such as technical as- sistance and blade sharpening, to complete slitting systems and a multitude of services and products in between. The organizations plan to leverage technical exper- tise to educate customers on best slitting practices, provide keys to improve productivity and create new sustainable solutions and systems with end-to-end technical support, education, increased operator safety and enhanced customer service options. Graphic Packaging To Acquire Bell Graphic Packaging has entered into a definitive agreement to acquire Bell Incorporated, a folding carton converter with multiple facilities in Sioux Falls, South Dakota, and a site in Groveport, Ohio. Graphic Packaging said the proposed acquisition is expected to add approximately $200 million in

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sales, $30 million in Adjusted EBITDA and will sup- port strategic priorities of increasing integration rates and expanding customers and categories. Annual synergies of approximately $10 million are expected within 24 months of closing. The transaction includes three packaging facilities in the Midwest that consume 95,000 tons of paperboard annually. The transaction is expected to close in the fourth quarter of 2023, subject to regulatory approvals and other customary closing conditions.

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