Graphic Packaging Agrees to Acquire Metro Packaging and Imaging, Inc.
ATLANTA –Â Graphic Packaging Holding Company (NYSE: GPK), a leading global provider of packaging solutions to food, beverage and other consumer products companies, today announced that its wholly owned subsidiary, Graphic Packaging International, Inc., has agreed to acquire the converting assets of Wayne, New Jersey based Metro Packaging and Imaging, Inc. ("Metro Packaging"), a printed folding carton producer primarily servicing the food and away-from-home end markets through strong sheet-fed and web press capabilities.
Michael Doss, Graphic Packaging's President and Chief Executive Officer commented, "The acquisition is a continuation of our unwavering commitment to develop the best supply chain in the industry. Metro Packaging is strategically situated near key northeast customers and supports our vertically-integrated model. We look forward to welcoming Armand deTorres, President and Chief Executive Officer of Metro Packaging, and his outstanding leadership team to Graphic Packaging."
The acquisition is subject to standard closing requirements and is expected to be completed later this week.
About Graphic Packaging Holding Company
Graphic Packaging Holding Company (NYSE: GPK), headquartered in Atlanta, Georgia, is committed to providing consumer packaging that makes a world of difference. The Company is a leading provider of paper-based packaging solutions for a wide variety of products to food, beverage and other consumer product companies. The Company operates on a global basis, is one of the largest producers of folding cartons in the United States, and holds leading market positions in coated unbleached kraft paperboard and coated-recycled paperboard. The Company's customers include many of the world's most widely recognized companies and brands. Additional information about Graphic Packaging, its business and its products is available on the Company's web site at www.graphicpkg.com.
SOURCE Graphic Packaging Holding Company
CONTACT: Investor Contact: Brad Ankerholz, Graphic Packaging Holding Company, 770-240-7971; Media Contact: Sue Appleyard, Graphic Packaging Holding Company, 773-332-3130
Web Site: http://www.graphicpkg.com Â
