FMN | March 4th, 2019

An N.V. Publication FLEX

March 4, 2019

Vol. 21 No. 5

Market News

®

Serving The Flexographic Printing Industry In Print and Online at www.nvpublications.com

Multi-Color Acquired By Platinum Equity MM ulti-Color Corporation, Batavia, Ohio, has entered into a definitive merger agreement to be acquired by an affili- ate of Platinum Equity LLC. Under the terms of the agreement, which has been unani- mously approved by Multi-Color Corporation’s Board of Direc- tors, Multi-Color Corporation shareholders will receive $50 in

Nilpeter USA Plans Open House Nilpeter USA will host an open house at its NorthAmerican headquar- ters on March 28. Facility tours, guest speakers, and live product demonstra- tions will highlight the event, taking place in Cincinnati,Ohio. The event, titled, The Age of Au- tomation , has been designed to highlight the shift toward Industry 4.0 and showcase how Nilpeter’s newest equipment fits that trend. In addition to plant tour s of Nilpeter’s facility, TLMI President Dan Muenzer will give a State of the Industry address. The presentations will be followed by press demon- strations of the all-new FA, the Panorama digital UV inkjet hybrid press and the all-new FB-350. Walmart To Reduce Plastic Packaging Walmart issued a new set of plastic waste reduction commitments at its annual supplier forum. The commit- ments are expected to impact more than 30,000 SKUs. The move is de- signed to help get to the heart of

cash for each share of common stock they own, in a transaction valued at $2.5 billion including the assumption of $1.5 billion of debt.The cash purchase

price represents a premium of approximately 32 percent over Multi-Color Corporation’s 30-day volume weighted average share price prior to Jan. 22, 2019, the last trading day prior to media speculation regarding a potential transaction involving Multi-Color Corporation. “This transaction is the culmination of our Board’s review of strate- gic alternatives to maximize value for our shareholders,”stated Nigel Vinecombe,Executive Chairman of Multi-Color Corporation.“As a re- sult of this process,our Board,with the assistance of independent ad- visors, unanimously determined that this all-cash transaction will deliver immediate, significant and certain value to our shareholders and is in the best interest of our shareholders and our company.We believe this transaction represents a winning proposition for all of our stakeholders,including our employees.” The transaction is expected to be completed by the third quarter of this year and is subject to Multi-Color Corporation shareholder approval, regulatory clearances and other custom- ary closing conditions. Upon the completion of the transac- tion, Multi-Color Corporation will become a privately held company and shares of Multi-Color Corporation common stock will no longer be listed on any public market.

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Corrugated Market To Reach $115.15 Billion By 2022 The global corrugated boxes market is projected to rise at a steady Compound Annual Growth Rate of 3.69 percent within the forecast from 2017 to 2022, according to a recent report by Transparency Market Research. In 2017, the market was valued to be near about worth $96.60 billion. By the end of 2022, the global corrugated boxes market is estimated to reach around a worth of $115.15 billion. Based on end user, the segment of food and bever- ages are the leading one across the global corrugated boxes market. Geographically, Asia Pacific region is foreseen to sustain its lead in the span of coming years as well. The demand for corrugated boxes has grown due to notable rise in packaging and convert- ing sector. The rising usage of corrugated boxes in the delivery of fresh food and beverages, logistics, electronic goods, personal care, and home care is propelling the growth in the global market. In upcoming years, the corrugated boxes market is estimated to witness a significant progress from the e-commerce sector, globally. This is due to increased use of corrugated boxes by online vendors, as per the type of product being dispatched.

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Walmart Addresses Plastic ( Cont’d from Page 1)

the problem by focusing on the retailer’s private brand packaging, building upon existing efforts to re- duce plastic waste inWalmart U.S. and Sam’s Club op- erations, and encouraging national brand suppliers to set similar packaging goals. At the supplier forum, Walmart executives highlighted that the company is working with suppliers to expand efforts to improve the sustainability of its private brand product packag- ing, with an emphasis on increasing recyclability and making it easier for customers to recycle. Walmart announced that it will work with its U.S. pri- vate brand suppliers on the following commitments: • Seek to achieve 100 percent recyclable, reusable or industrially compostable packaging for its private brand packaging by 2025; • Target at least 20 percent post-consumer recycled content in private brand packaging by 2025; • Label 100 percent of food and consumable private brand packagingwith the How2Recycle label by 2022; • Work with suppliers to eliminate the non-recy- clable packaging material PVC in general merchan- dise packaging by 2020; and • Reduce private brand plastic packaging when possible, optimizing the use to meet the need. Committed To Improvement During the forum,Walmart encouraged it’s national brand suppliers to make similar packaging commit- ments through the retailer’s Project Gigaton platform. The retailer has also introduced a new recycling playbook designed to provide information to compa- nies pursuing recyclable packaging and recycled con- tent goals. The recycling playbook gives overviews on what type of plastic packaging is more easily recy- clable and provides information on recycling chal- lenges for certain packaging materials. This new recycling guidance is a supplement to Walmart’s ex- isting sustainable packaging playbook that offers in- formation on sustainable packaging best practices such as optimizing packaging design and using con- sumer-friendly recycling labels. Plastic waste is a growing concern for Walmart cus- tomers, associates and other key stakeholders.Walmart’s aspiration is to achieve zero plastic waste by taking ac- tions across its business and working with suppliers to use less plastic, recycle more and support innovations to improve plastic waste reduction systems. Some of the retailer’s current efforts to reach this goal include: • Offering low-cost, high-quality alternatives for sin- gle use plastic consumable products such as straws, cutlery and disposable tabletops;

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Avery Dennison Makes Sustainable List

seminar in its plant. This course is reportedly de- signed by anyone who is responsible for the cre- ation, design, sales, and service of a customer’s packaging needs, as it allows them to better support a customer from start to finish. Attendees will also tour TAP Packaging Solutions, a designer and manufacturer of packaging solutions. Specializing in folding cartons and rigid set-up boxes, TAP partners with consumer brands across different markets including confection, specialty food, health and beauty, and household products, to design, print, and convert the ideal branded packaging. Presenter Dan Malenke, President, PKGPRO, LLC, will use classroom and hands-on activities to maxi- mize the time attendees have during the seminar to master this important topic. Paperboard Packaging Market To Hit $238.50B By 2024 The Global Paperboard Packaging Market is ex- pected to exceed more than $238.50 billion by 2024 and wi l l grow a t a Compound Annua l Growth Rate of more than 3 percent in the given forecast period, according to a new report from marketresearchengine.

Avery Dennison Corporation was recently recog- nized on Barron’s 100 Most Sustainable Companies List, moving up a rank since the index was first launched in February 2018. The list acknowledges leading U.S. companies, assessed for environmental, social, and corporate governance factors. Barron’s, a U.S-based publication covering the finan- cial and investment industries, developed the list last year in collaboration with Calvert Research and Man- agement.The organization looked at the 1,000 largest publicly held companies with headquarters in the United States. The naming committee looked at 300 sustainability performance indicators. Among them were business ethics and product safety, greenhouse gas emissions and human rights, workplace diversity, and labor relations. AICC Seminar To Address Folding Carton Fundamentals AICC, The Independent Packaging Association, is hosting Folding Carton Fundamentals , March13-14 in Solon, Ohio. Graphco has opened its doors to AICC members and is allowing AICC to host this

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Phoenix Challenge, TLMI Concentrate Efforts The Phoenix Challenge Foundation, a supporter of building flexo printing and graphic arts in education for more than 22 years, has united with TLMI to put their concentrated efforts into workforce development supporting the label and package printing industry. As the printing and converting industry continues to experience the well-known gap in its workforce it is more important than ever that the industry come together to develop new ideas and concepts to cre- ate a strong channel of incoming talent, according to the two groups. TLMI and the Phoenix Challenge Foundation are passionate about the sustainability of the industry and look forward to working together on the com- mon mission of facilitating programs that will help recruit new, sustain existing, and continue to develop talented employees and future leaders for the pack- age printing industry, the groups said in a statement. Wendy’s Collaborates For Sustainable Packaging Fast food restaurant chain Wendy's has collaborated with NextGen Consortium, multi-year partnership of foodservice industry leaders assembled by Closed Loop Partners’ Center for the Circular Economy, as part of its sustainable packaging strategy. Wendy’s joined NextGen Consortium as a supporting partner to advance sustainable packaging solutions in the foodservice industry, in addition to optimizing its own operations. As part of the initiative, Wendy’s will work with other industry leaders to solve the issue of single-use food packaging waste. The consortium has launched NextGen Cup Chal- lenge to identify new and existing cup solutions de- signed to optimize the hot and cold fiber cup used by multiple foodservice operations, includingWendy’s. Squarely Sustainable is Wendy’s four-pronged sus- tainable strategy designed to use less and reduce un- necessary materials, as well as use better and seek certified sustainable materials. Wendy’s is already concentrating on eliminating certain materials of concern and removing unneces- sary paper and plastic waste. The restaurant chain avoided the use of styrofoam in its restaurants from 2012, and also decreased the usage of fiber and plastic in various format such as fry cartons, straws and bags. Wendy’s, along with its franchisees, operates more than 6,700 restaurants across the world.

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Clemson Hosts Inaugural Flexo Event

Walmart Addresses Plastic ( Cont’d from Page 4)

• Recycling shrink wrap in most markets — 151 million pounds of plastics were recycled globally in 2017; • Providing access to in-store plastic bag and film recycling bins for customers; and • Encouraging suppliers to include the How2Recy- cle label on pack—last year more than 800 Walmart private label suppliers participated. TheWalmart Foundation is also supporting a number of circular economy initiatives such as the U.S. Cham- ber of Commerce Foundation’s Beyond 34 project — a multi-stakeholder initiative aimed at increasing the current 34 percent recycling rate in the U.S. by provid- ing a scalable model to increase and improve recycling and recovery rates in local communities. In being a signatory to the G7 Oceans Plastics Char- ter and the New Plastics Economy Global Commit- ment being led by the Ellen MacArthur Foundation, in collaboration with the UN Environment, Walmart is working globally to reduce plastic waste within its operations and throughout its value chain. By the end of 2017, Walmart diverted from landfills 81 percent of unsold products, packaging and other waste mate- rials in the United States.

On February 6-7, an inaugural Future of Flexo event was hosted at Clemson University’s Sonoco Institute of Packaging Design and Graphics, presented by OMET Americas. The event centered around “New Year, New Technology” and was sponsored by indus- try print suppliers Eaglewood Technologies, Siegwerk, Phoseon Technology, Nazdar Ink Technologies, DuPont, Techkon, DBT Coatings and Harper Corpora- tion.The two-day event was created to showcase new and innovative opportunities for flexo printers/con- verters to consider for their 2019 budget spending and overall long-term cost savings.This first event in- cluded presentations on everything from the latest OMET press options, like the flexo/digital hybrid press created with Durst, to anilox cleaning tech- niques, digital flexo plate creation methods, UV LED coating and curing applications, and much more. “The Future of Flexo event by OMET was a great event to showcase, not only...products from industry suppliers, but also highlighted the amazing work going on at the Sonoco Institute,”said Peter Mulheran,Vice President and General Manager of EaglewoodTechnologies.

printTHINK Summit Sept. 11-13, 2019 Hyatt Regency O’Hare Rosemont, IL

Industry Events

FPA 2019 Annual Meeting March 6-8, 2019 Scottsdale,Arizona TLMI Converter Meeting March 10-13, 2019 Omni Grove Park Inn Asheville, NC

Graph Expo 19 Sept. 22-25, 2019 Orange County Convention Center Orlando, FL

Labelexpo Europe Sept. 24-27, 2019 Brussels Expo Brussels, Belgium Print19 Oct. 3-5, 2019 McCormick Place Chicago, IL

American Packaging Summit April 15-17, 2019 Westin LombardYorktown Center Chicago, IL FTA Forum May 5-8, 2019 Hilton New Orleans Riverside New Orleans, LA FTA INFOFLEX May 6-7, 2019 Ernest N. Morial Convention Center New Orleans, LA

TLMI Annual Meeting October 27-30, 2019 Omni LaCosta Resort & Spa Carlsbad, CA TLMI Converter Meeting March 8-10, 2020 Austin,TX

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training program, spending time in manufacturing, parts and service,marketing, and sales operations. Over the course of the last twenty years, in addition to completing my undergraduate business degree and later my Masters of Business Adminis- tration, I have held various positions with suppliers in our industry, each offering more progressive levels of responsibility. Through the years, I have sold presses and press auxiliary equipment servicing the web offset, sheet-fed, digital, flexible packaging, and corrugated segments, all of which has led to my current position with Koenig & Bauer. FMN: Explain your motivations in joining Koenig & Bauer. In my previous roles, I gained valuable experience in leadership, working to build and develop a team fo- cused on sales success, but I missed the excitement and energy of working on capital equipment projects. Plus, I always held Koenig & Bauer in high regard due to its stellar reputation for product and support. When the opportunity surfaced to discuss my current Jeff Dietz

Flexo Spotlight

The Importance Of Partnering With Customers Jeff Dietz, VP, Web & Specialty Press Division, for Koenig & Bauer, spoke exclusively with Flexo Market News about his journey in the printing industry, what he hopes to accomplish in his role, and the impor- tance of partnering with customers. FMN: Talk a little about your professional life before joining Koenig & Bauer. We’ve often heard the saying “I was born with ink in my veins,” and that is certainly true for me too. My fa- ther, who had a long, successful career in press equip- ment sales, was very influential in my decision to pursue a career path in the graphic arts. While many of my friends had very typical first jobs in high school, I spent summers either helping to rebuild press equipment or tasked with odd jobs in an offset printing operation, like stripping film or dipping ink. Before entering the full-time workforce, I had the opportunity to apprentice for a web offset press man- ufacturer, providing me with a highly comprehensive

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Flexo Market News March 4, 2019 9

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Pratt Industries To Invest 20M In Packaging Operation Pratt Industries, Inc., reportedly the world’s largest privately held, 100 percent recycled paper and packaging company, will invest more than $20 mil- lion to establish a new paper packaging and ship- ping materials manufacturing operation in the Botetourt County,Virginia. The facility will be Pratt’s second manufacturing operation in Virginia and will reportedly allow the company to increase market share and grow sales of its paper-based packaging and shipping materials within Virginia and the surrounding states. Virginia successfully competed with multiple states for the project, which will create 50 new jobs. Since its founding almost 30 years ago, Pratt Indus- tries, Inc. has grown to reportedly become the fifth- largest corrugated packaging company in the United States with manufacturing facilities in more than 27 states. The company’s more than 8,000 employees service a variety of industries with packaging and re- cycling needs while maintaining a commitment to the environment and sustainability. Pratt Industries’ products are primarily made from post-consumer re- cycled materials. Colbert Reduces Carbon Footprint With Wind Energy Colbert Packaging Corporation, Lake Forest, Illi- nois, a provider of paperboard packaging solutions, has purchased renewable energy credits (RECs) in the form of wind energy.This initiative complements Colbert’s overall sustainable strategy and commit- ment to reducing the environmental impact of its operations. The investment allows Colbert to lower its carbon footprint and protect the environment, and supports the development of renewable energy technologies. "We manufacture paperboard-based folding cartons, which is a sustainable alternative to plastics,” stated Colbert President and COO, John Lackner. “Now we are able to further our strategy to meet overall clean energy goals with wind energy credits.We firmly be- lieve it’s important to make sustainable decisions with the future in mind — for our employees and their families, our customers and our community.” Colbert made this investment in renewable wind energy by purchasing Green-e Energy certified re- newable energy certificates (RECs) to reduce the emissions associated with its electricity consump- tion. That’s an environmental impact equivalent to the avoidance of 17,640 barrels of oil.

Flexo Market News I NTERNET D IRECTORY

Adheso-Graphics, Inc. www.adheso-graphics.com

AGI manufactures, distributes and converts current tech- nology flexo mounting tapes and backing systems for cor- rugated plate mounting. Flexstik hard vinyl, FlexSoft, bi.esse brand, Gold Series Thin tapes for sleeve and Narrow web plate mounting. Specialty tapes that cover the vast thickness range re- quirements and specific adhesion systems for all flexo mounting requirements. We provide technical service and problem solving services for unique customers & applications.

Anderson & Vreeland, Inc. www.andersonvreeland.com

A&V manufactures a complete line of photopolymer plate processing systems and is a leading distributor of flexo- graphic platemaking materials. A&V also sells digital imag- ing systems and software specifically designed for flexography.

ARC International www.ARCInternational.com

ARC International is a world leader in the manufacturing of roller products for flexography. The latest nanotechnolo- gy laser engraving in our Charlotte and Las Vegas manu- facturing facilities ensures superior quality and consistency in anilox rollers.

Comexi Group Industries S.A.U. www.comexigroup.com

The Comexi Group is a leading supplier of quality flexographic C.I. presses for the flexible packaging indus- try worldwide. We also provide solventless laminators, slitter/rewinders and related peripheral equipment such as automatic wash-up systems, solvent recovery systems, automatic roll unloaders, and plate cylinder/sleeve storage systems. DuPont Packaging Graphics is the world’s leading suppli- er of flexographic printing systems in digital and conven- tional formats; including Cyrel® brand photopolymer plates, Cyrel® FAST processing equipment, Cyrel® round sleeves, mounting and finishing products. For more than 35 years, beginning with Cyrel®, the first photopolymer printing plate, through to today’s digital workflow revolution, DuPont has been driving innovation in the Flexo and package printing industries. The Digital Cyrel® FAST imaging system has been broad- ly recognized for its efficiency, productivity, print perfor- mance, and environmental benefits. DuPont Packaging Graphics www.cyrel.com/na

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Partnering With Customers ( Cont’d from Page 9)

position, there was never any pause in pursuing it. As I got to know the people within Koenig & Bauer better during the interview process, I developed an appreciation for how every level of the organization carried themselves, both within the confines of the company and externally in supporting its customers. This strong company culture compounded with a very sound corporate strategy, are two areas that made an immediate impression and made me proud to join Koenig & Bauer. FMN: What do you hope to accomplish in your role with Koenig & Bauer? Koenig & Bauer is in the midst of a very exciting time in its 200 year history. It just celebrated that amazing milestone and is accelerating its growth within the printing industry. One of the more exciting aspects of my position is to be introducing new tech- nology within a variety of different printing/packag- ing segments and printing processes. Under the Web & Specialty Press division, we have equipment solu- tions for the flexible packaging, corrugated, metal decorating, commercial printing, and folding carton segments, with flexo, digital, and offset solutions with- in each of those respective markets. In my role, we’ve been steadily increasing a team of sales and technical specialists to support our customers at every stage of the process and provide them with the highest level of service when they partner with Koenig & Bauer. One of our fastest growing segments, flexible packaging, known by the Koenig & Bauer Flexotecnica product line, is gaining considerable attention in the market, not only for the newly developed press technol- ogy, but for our supporting personnel. I’ve had the pleasure of representing Koenig & Bauer Flexotecnica as a newly-appointed member to the board of directors of the Flexographic Technical Association and board of trustees of the Foundation of Flexographic Technical Association.We’re reaching existing and potential customers who recognize that our presses and our service and training, based in Dal- las,Texas, is critical for their success.We have quality customers that are installing our Koenig & Bauer Flex- otecnica presses at their facilities as we speak. As an equipment supplier, it might sound cliché to suggest partnering with your customers, but it is something that we believe we can take a step fur- ther. Koenig & Bauer can provide resources that offer a higher level of service to our customers, particular- ly in areas that many would not traditionally look to- ward a supplier for assistance. The partnership (Cont’d on Page 13)

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NOVOFLEX II Flexo Press Premieres At W&H Open House Machinery manufacturer Windmöller & Hölscher is hosting “Experience the Future of Flexo,” an Open House featuring the company’s newest technological developments in flexographic printing at its renovat- ed Printing Technology Center in Lengerich, Ger- many on March 27-28. Highlighting the Open House will be the world pre- miere of the NOVOFLEX II flexographic press.The MI- RAFLEX II product range, with more than 600 machines running worldwide, is being expanded with the introduction of a compact single port machine. Additional topics include: a new technology that de- livers high-performance press-ready plates in less than an hour presented by KODAK Flexcel Solutions as well as a direct comparison of the classic CMYK color separation to multi-color separation. Rounding out the event, the Information and Diagnostics Center will in- troduce visitors to new services using >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

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