Graphic Packaging Holding Company, 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 & 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.
Source : investors.graphicpkg.com