Graphic Packaging to Close Four U.S. Plants
Feb. 10, 2009 - Graphic Packaging International today said that it plans to close four manufacturing facilities and transition their business to other U.S. operating locations as it continues to aggressively complete integration plans to achieve the previously announced synergy savings of $90 million by 2010.
Graphic Packaging's folding carton facility in Tuscaloosa, Alabama is expected to discontinue production by the end of the second quarter of 2009, and the folding carton plants in Morris, Illinois and Muncie, Indiana are expected to cease operations during third quarter of 2009.
The Marietta, Georgia-based company also plans to close a multiwall bag packaging facility in Cantonment, Florida by the end of the third quarter of 2009, and today will permanently layoff approximately 60 employees at its Elk Grove Village, Illinois folding carton facility.
"A year ago, in March 2008, we combined the operations of Graphic Packaging and Altivity Packaging to create one of the world's largest packaging companies," said David W. Scheible, president and CEO. "We are continuing to push aggressively in 2009 to integrate assets and streamline operations, as well as achieve a minimum of $90 million in synergy savings expected from our combination."
SOURCE: Graphic Packaging International, Inc.