B2B News for Friday, October 7, 2022: Business Travel, Packaging Industry Alerts

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Sustainable, reusable and biodegradable packaging is showing up more and more in B2B news releases. This morning, St.Louis-based packaging comany TricorBraun announced its plans to acquire German glass packaging distributor Gläser & Flaschen GmbH. The acquisition extends TricorBraun’s European presence.

“Gläser & Flaschen has built a strong business known for its quality, innovation, and technical expertise,” said Declan McCarthy, president, TricorBraun Europe. “We are pleased to partner with the outstanding Gläser & Flaschen team to offer more supply chain options to customers, while investing in their continued growth and expansion. We welcome Gläser & Flaschen to the TricorBraun family.”

Press release: https://www.prnewswire.com/news-releases/tricorbraun-to-acquire-german-glass-packaging-distributor-glaser–flaschen-301643308.html

Finnish packaging company Stora Enso will publish its January–September 2022 Interim Report on Friday 21 October 2022. Analysts, investors, and media are invited to participate in the webcast and conference call at 14:00 EEST (13:00 CEST, 12:00 BST, 7:00 EDT) on the same day at https://ir.financialhearings.com/stora-enso-q3-2022

Press release: https://www.prnewswire.com/news-releases/invitation-to-stora-ensos-q3-2022-results-webcast-on-21-october-2022-301643461.html

Early bird registration pricing at Pack Expo in Chicago later this month ends today. The event will include the first-ever PACK Challenge, an end-to-end packaging machine-building competition between six high school teams.

“We are very excited about PACK Challenge and the opportunity this experience presents to show students what a career in this industry looks like,” said Jim Pittas, president and CEO, of PMMI. “We thank PepsiCo for recognizing the importance of our future workforce and partnering with us to educate and inspire the next generation of leaders and innovators.”

More info: https://www.packexpointernational.com/

Business travel is bouncing back to pre-pandemic levels, but hotel staffing isn’t. According to a new survey conducted by the American Hotel and Lodging Association, 87% of hotels are experiencing a staffing shortage. For 36% of respondents, the shortage is severe. Housekeeping positions are the most likely to go unfilled with 43% of hotels ranking it as their biggest staffing challenge.

The numbers actually represent an improvement. In May, 97% of respondents to similar survey said they were short staffed with 49% calling the shortage severe. Then, 58% ranked housekeeping as their biggest staffing challenge.

Press release: https://www.ahla.com/press-release/87-surveyed-hotels-report-staffing-shortages

Staffing issues aside, properties that showed resilience in the face of recent challenges are being acquired, especially as local governments and customers alike are falling out of love with home share rentals like Air BnB. Somera Capital Management has acquired Dallas-based hotel management company Quorum Hotels & Resorts.

The purchase will provide Somera with a comprehensive management solution and position the company for future growth as it seeks to capitalize on market conditions for both its investors and partners.

“We have well established regard for the culture and talent of Quorum and look forward to continuing the legacy for our associates, partners, and guests alongside a growing portfolio,” said CEO David Brown. “We congratulate the founding partners on their 35 years of success and thank them for the opportunity to work with such a dedicated, dynamic, and talented leadership team in this new chapter.”

Press release: https://www.prnewswire.com/news-releases/somera-capital-management-acquires-quorum-hotels–resorts-301643221.html

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Kate Baggott

Kate Baggott

Kate Baggott is a former Managing Editor of B2BNN. Her technology and business journalism has appeared in the Technology Review, the Globe and Mail, Canada Computes, the Vancouver Sun and the Bay Street Bull. She is the author of the short story collections Love from Planet Wine Cooler and Dry Stories. Find links to recent articles by following her on LinkedIn https://www.linkedin.com/in/kate-baggott-9a0306/