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AGI World Merges with Shorewood Packaging

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By: Jamie Matusow

Editor-in-Chief

Atlas Holdings LLC has announced the closing of its agreement with International Paper for the merger of the companies’ consumer-packaging solutions businesses, with plans for major expansion of its operation in Guangzhou, China. AGI World and Shorewood Packaging have become AGI Shorewood, a global specialty packaging business with operations in North America, Europe, Asia and Latin America. All locations of Shorewood Packaging except those in China are now a part of the new AGI Shorewood. Closing of the Chinese portion of the transaction will occur later this month upon the transfer of certain governmental licenses and registrations. Mike Ukropina, who served as president of Shorewood Packaging, has been named president and CEO of AGI Shorewood.

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