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Segment Information (Tables)

12 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Segment activity is as follows (dollars in thousands):

						Packaging												Specialty Products						Total
As of December 31, 2025
Net sales						$	535,540											$	110,180					$	645,720
Cost of sales						(408,110)												(99,450)
Selling, general and administrative expenses						(58,800)												(6,330)
Other segment items (a)						(490)												(210)
Segment operating profit						$	68,140											$	4,190					$	72,330
Corporate (b)																								(31,030)
Interest expense																								(18,030)
Other income (expense), net																								990
Income from continuing operations																								$	24,260
As of December 31, 2024
Net sales						$	512,320											$	118,480					$	630,800
Cost of sales						(388,670)												(112,590)
Selling, general and administrative expenses						(56,410)												(7,790)
Other segment items (c)						880												(90)
Segment operating profit						$	68,120											$	(1,990)					$	66,130
Corporate (d)																								(50,960)
Interest expense																								(19,560)
Other income (expense), net																								210
Loss from continuing operations																								$	(4,180)

						Packaging												Specialty Products						Total
As of December 31, 2023
Net sales						$	463,600											$	188,550					$	652,150
Cost of sales						(354,560)												(144,290)
Selling, general and administrative expenses						(48,760)												(7,830)
Other segment items (a)						(150)												(30)
Segment operating profit						$	60,130											$	36,400					$	96,530
Corporate (e)																								(45,870)
Interest expense																								(15,920)
Other income (expense), net																								1,110
Income from continuing operations																								$	35,850

__________________________

(a) Other segment items for each reportable segment includes net gain (loss) on dispositions of assets.

(b) Includes $27.8 million of net asbestos-related benefit, $8.3 million of realignment, severance and consulting costs, $6.5 million of environmental remediation charges, $6.3 million of system implementation costs, $5.4 million gain of the sale of Arrow Engine, and $0.6 million of mergers, acquisition, diligence and transaction costs.

(c) Other segment items for each reportable segment includes net gain (loss) on dispositions of assets and impairment of indefinite-lived intangible assets for the Packaging segment.

(d) Includes $5.5 million of asbestos-related expense, $4.7 million of system implementation costs, $3.5 million of realignment, severance and consulting costs, $3.5 million of mergers, acquisition, diligence and transaction costs, and $3.2 million of environmental remediation charges.

(e) Includes $4.2 million of realignment, severance and consulting costs, $2.2 million of mergers, aquisition, diligence and transaction costs, and $0.7 million of system implementation costs.

						Packaging												Specialty Products						Corporate						Total
As of December 31, 2025
Capital expenditures						$	28,830											$	5,950					$	1,300					$	36,080
Depreciation and amortization						34,770												3,010						430						38,210
Total assets (a)						855,080												73,890						112,660						1,041,630
As of December 31, 2024
Capital expenditures						30,860												7,100						3,040						41,000
Depreciation and amortization (b)						34,250												12,270						220						46,740
Total assets						811,190												89,210						31,720						932,120
As of December 31, 2023
Capital expenditures						29,060												10,410						100						39,570
Depreciation and amortization						34,170												4,130						130						38,430
Total assets						830,620												92,770						25,940						949,330

__________________________

(a) Corporate total assets as of December, 31, 2025, includes a $53.9 million deferred tax asset as a result of the planned divestiture of Aerospace and a $34.7 million asbestos-related insurance recovery asset. See Note 22. "Income Taxes," and Note 16, "Commitment and Contingencies," for further details.

(b) Depreciation and amortization for the Specialty Products segment in 2024 includes $8.2 million of accelerated depreciation. See Note 10, "Property and Equipment, Net," for further details.

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas

The following table presents the Company's net sales for each of the years ended December 31 and long-lived assets at each year ended December 31, by geographical area (dollars in thousands).

						As of December 31,
						2025												2024												2023
						Net Sales						Long-lived Assets						Net Sales						Long-lived Assets						Net Sales						Long-lived Assets
Non-U.S.
Europe						$	150,460					$	237,020					$	159,000					$	217,110					$	153,110					$	238,640
Asia Pacific						34,760						33,460						33,770						29,550						34,240						27,000
Other Americas						52,510						26,490						35,080						26,560						19,590						30,310
Total non-U.S.						237,730						296,970						227,850						273,220						206,940						295,950
Total U.S.						407,990						327,370						402,950						329,930						445,210						336,710
Total						$	645,720					$	624,340					$	630,800					$	603,150					$	652,150					$	632,660

X

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

+ References

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-Topic 220
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-Name Accounting Standards Codification
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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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