Acquisition ImpactFollowing the GEF acquisition, PKG’s recycled mix will increase from ~20% to ~30%, enhancing its market position.
Market GrowthE-commerce remains the fastest growing end market with healthy volumes, and PKG continues to generate solid margins due to its low-cost network.
Operational EfficiencyThe Glendale, AZ box plant started up ahead of schedule and below budget, allowing PKG to better serve the market.