Graphic Packaging Agrees to Acquire Metro Packaging & Imaging
Metro Packaging & Imaging is a printed folding carton producer primarily servicing the food and away-from-home end markets through sheet-fed and web press capabilities.
March 29, 2016 - Graphic Packaging International announced today that it has agreed to acquire the converting assets of Wayne, New Jersey based Metro Packaging & Imaging, Inc., a printed folding carton producer primarily servicing the food and away-from-home end markets through strong sheet-fed and web press capabilities.
Terms of the deal were not disclosed.
"The acquisition is a continuation of our unwavering commitment to develop the best supply chain in the industry,” said Michael Doss, Graphic Packaging's President and Chief Executive Officer. “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," Doss added.
The acquisition is subject to standard closing requirements and is expected to be completed later this week.
Graphic Packaging International, Inc., a subsidiary of Graphic Packaging Holding Company (NYSE: GPK), headquartered in Atlanta, Georgia, is a leading provider of packaging solutions for a wide variety of products to food, beverage and other consumer products companies. The Company is one of the largest producers of folding cartons and holds a leading market position in coated-unbleached kraft and coated-recycled board. To learn more about Graphic Packaging, please visit: www.graphicpkg.com.
SOURCE: Graphic Packaging Holding Company