Overview Key strengths Key risks Portfolio of established brands with good market position in somewhat diversified end markets. Operates in cyclical and highly competitive industries. Long-term relationships with blue-chip customers and distribution partners. Concentrated customer base and geographic exposure, particularly in the packaging and aerospace segments. Above-average margins and good cash flow generation help fund business reinvestment and contribute to the company's solid liquidity position. Relatively small scale and scope of operations. As consumer spending growth softened and supply chain performance improved during 2022, consumer goods firms began to deplete inventories of inputs, including plastic packaging, which had grown well above normal levels. Lower sales and absorption of fixed costs contributed to S&P Global Ratings-adjusted EBITDA margin falling to 13.4%
