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Atlas Holdings has announced the sale of NPX One, a top manufacturer of polystyrene trays for fresh protein in the U.S., to Breck Partners. The terms of the transaction were not disclosed. NPX One, previously known as Novipax, was acquired by Atlas in 2015 and has now been sold after almost a decade. The company boasts a strong customer base and a history of innovation in food tray manufacturing.
SEE's comprehensive sustainability approach focuses on environmental responsibility, offering scalable solutions like the AUTOBAG® brand 850S paper system and CRYOVAC® brand offerings. The company also provides digital printing services through prismiq™ and automated carbon footprint solutions, aiming to drive sustainability across the value chain.
SEE reported Q1 2024 results with net sales of $1.33 billion, down 1%, and net earnings of $83 million, up 33%. Adjusted EBITDA was $278 million, up 4%. Cash flow from operations was $125 million, up 141%. The company reaffirmed its 2024 full-year outlook with expectations of net sales in the range of $5.2 to $5.6 billion and Adjusted EBITDA of $1.05 to $1.15 billion.
