Graphic Packaging Agrees to Sell Two Mills
July 11, 2008 - Graphic Packaging International said that it has signed an agreement with an affiliate of Sun Capital Partners, Inc. to sell two coated-recycled board (CRB) mills as required by the U.S. Department of Justice pursuant to the Consent Decree governing the combination of Graphic Packaging International, Inc. and Altivity Packaging, LLC in March 2008.
The mills being sold are located in Philadelphia, Pennsylvania and in Wabash, Indiana.
The deal is subject to review by the U.S. Department of Justice and other customary closing conditions.
After the divestitures, Graphic Packaging will have an annual production capacity of approximately 855,000 tons of coated-recycled board and approximately 1.3 million tons of CUKŪ (coated unbleached kraft) paperboard.
SOURCE: Graphic Packaging International, Inc.
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