Board Converting News, June 6, 2022

BoardConverting Serving the North American Corrugated and Folding Carton Industries for 38 years June 6, 2022 VOL. 38, NO. 23

LDI Continues Westward Growth With Acquisition, New Machinery BY LEN PRAZYCH The word “legacy” is a word to which very few independent, multi-gen- erational, family-owned businesses can lay claim. New Hope, Minne- sota based Liberty Diversified International (LDI), which was founded in 1918 and whose “diversification” has grown to monumental success in the Paper, Packaging, Plastics and Workspaces industries, is one of

Coastal Container To Invest $25M To Expand In MI Holland, Michigan based Coastal Container, a family-owned independent full-service pack- aging company, has announced a $25M ex- pansion to grow its Holland facility and add on-site corrugating capabilities. Coastal’s ex- pansion will add 65,000-square-feet to its ex- isting facility along with more than 60 jobs in the coming years. “Our family has been in the corrugated business for 60 years now,” said Coastal Con- tainer CEO Brent Patterson. “In these past couple of years, Coastal Container has seen tremendous growth, which allows us to make this expansion to better serve our customers and community.” The company will invest the majority of the expansion funds in a state-of-the-art 110- inch Fosber corrugator ($16M) and new hon- eycomb equipment from GTW ($2M) with the remaining funds earmarked for building and railroad construction ($7M). Coastal Container expects construction on the building to be fin- ished in early 2023 with equipment purchas- es and installation complete in mid-2023. The new equipment will introduce in- house corrugating capabilities and expand

those companies. The word is posted on LDI’s website, where it shares the story of the “Liberty Legacy” and the birth of the company on the farms and fields of Minnesota, where Jack Fiterman, a Russian immi- grant, ferried produce crates to his barn to repair them, then return them to farmers for their re-use. The entrepreneurial industrialist was so grateful for the opportuni- ties living in the United States presented that he named his new busi- ness after one of the country’s founding principles: Liberty Used Boxes. Fiterman continued to seize every opportunity to grow his fledgling business and by 1940, it grew beyond the walls of the family barn. He expanded operations to a 4,000-square-foot building in Minneapolis, a space he rented for $10 a month. With the economy booming and the demand for boxes skyrocketing after World War II, Liberty went into the stock box business, and by the 1960s the company was manufacturing corrugated boxes for Minneso- ta’s largest businesses. By the 1970s the company had expanded its CONTINUED ON PAGE 22 Bob Walton, VP Packaging South at Liberty Packaging, shows the scope of the company’s explosive growth in the southwestern U.S.

CONTINUED ON PAGE 4

WHAT’S INSIDE ISM: U.S. Economic Growth To Continue Through 2022 GBP Cuts Ribbon On New Facility In Tulsa, Oklahoma

6 x x 8 x x 12 x x 26 x x

A.G. Stacker Wins SVTC 2022 Innovation In Utilization Award 16 Why You Must Be A Trusted Advisor To Job Candidates

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.

REGION E. Coast Midwest Southeast Southwest

42# Kraft liner

26# Semi-Chem. Medium

$1005.00-1010.00 $1020.00-1030.00 $1020.00-1030.00 $1020.00-1030.00 $1050.00-1060.00 $1023.00-1032.00

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

$940.00-990.00 $955.00-975.00 $955.00-975.00 $955.00-975.00 $975.00-995.00 $958.00-978.00

WANTED: ASSOCIATE EDITOR Full-time Associate Editor wanted to help edit, write and produce (in print and online) the ONLY WEEKLY PUBLICATION serving the North Ameri- can corrugated and folding carton industries. Must be a lover of the English language; computer liter- acy a must; Social Media savvy essential; and must be proficient in Outlook, WORD, InDesign and Pho- toshop. Knowledge of manufacturing and the cor- rugated industry encouraged but not necessary. Competitive salary, medical benefits, 2-week paid vacation. Send resume and/or letter of interest to Len Prazych at [email protected] or call (518) 366-9017 with questions or solutions.

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

$970.00

$960.00 $995.00

$1,015.00

3

June 6, 2022

www.boardconvertingnews.com

Coastal Container (CONT’D FROM PAGE 1)

Core Competency

Coastal’s current honeycomb capabilities. As one of the fastest and largest corrugators in Michigan, the on-site Fosber corrugator will bolster the company’s resilience to supply-chain disruptions, putting Coastal in control of their own supply of materials.

BloApCo Floor Shredders easily handle Cores and Sheet Waste

▲ All converting scrap handled by one BloApCo Shredder. ▲ Energy efficient. Low HP. Low RPM. Low noise. ▲ Industry leading 3-year warranty.

The company named reduced environmental impact and capacity as primary reasons for selecting the corruga- tor. The machine has the capacity to run over two billion square-feet of material per year and utilizes Fosber’s Syn- cro technology to support the latest in Industry 4.0 inno- vation through >Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22 Page 23 Page 24 Page 25 Page 26 Page 27 Page 28 Page 29 Page 30 Page 31 Page 32 Page 33 Page 34 Page 35 Page 36 Page 37 Page 38 Page 39 Page 40 Page 41 Page 42 Page 43 Page 44 Page 45 Page 46 Page 47 Page 48

Made with FlippingBook flipbook maker