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Global renewable products manufacturer, Stora Enso, has completed the EUR18m (US$19.6m) divestment of its paper production site in Sweden. Credit: Jeppe Gustafsson via Shutterstock

Stora Enso has announced it has finalised the divestment of its paper production site in Hylte Sweden and all related assets to sawmill and planing mill company Sweden Timber. Paper mill company Stora Enso says the enterprise value of the deal is approximately EUR18m and based on 2022 figures the divestment is expected to reduce the company’s annual sales by approximately EUR160m.  

On 11 May sustainable plastic packaging experts Greiner Packaging announced the news of a partnership with creative technology studio Appetite Creative to advance its sustainable K3 packaging. 
This year marks the 40th anniversary of the conception of Greiner Packaging’s K3, a cardboard-plastic combination developed in Diepoldsau, Switzerland with the aim of saving plastic. 

The Fenton Packaging Solutions senior team has organised a management buyout (MBO). 
The company has been sold to sales development director Chris Warren, supply chain director David Wilson and finance director Sharon Dakin, who are now joint managing partners. 

Packaging organisation Amcor has joined forces with Delterra, Mars and P&G to address plastic pollution and develop circular systems across the Global South. 
As part of this strategic partnership, the companies will invest $6m in programmes to improve upstream and downstream solutions that are used in the circular plastics economy.