ATLANTA, Oct. 4, 2017 /PRNewswire/ -- Graphic
Packaging Holding Company (NYSE: GPK), has announced that one of
its wholly owned subsidiaries has acquired Norgraft Packaging,
S.A.
Norgraft is a leading folding carton producer in Spain focused on the food and household goods
markets. Norgraft converts approximately 25,000 tons of paperboard
annually and operates two converting plants located in Maliaño and
Requejada in Cantabria, Spain. The
business generated revenue of approximately $40 million on an LTM basis.
"The announced transaction is consistent with our strategy to
pursue acquisitions that allow us to grow our folding carton volume
in attractive geographies and end-markets, improve our cost
position, service our customers with excellence, and increase our
mill to converting plant integration levels over time," said
President and CEO Michael Doss.
Forward Looking Statements
Any statements of the
Company's expectations in this press release constitute
"forward-looking statements" as defined in the Private Securities
Litigation Reform Act of 1995. Such statements, including but not
limited to those regarding the effect of the acquisition on the
Company's integration levels and financial position, are based on
currently available information and are subject to various risks
and uncertainties that could cause actual results to differ
materially from the Company's present expectations. These
risks and uncertainties include, but are not limited to, the
Company's ability to successfully integrate the acquisition and
achieve synergies. Undue reliance should not be placed on
such forward-looking statements, as such statements speak only as
of the date on which they are made and the Company undertakes no
obligation to update such statements. Additional information
regarding these and other risks is contained in the Company's
periodic filings with the SEC.
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.
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SOURCE Graphic Packaging Holding Company