Graphic Packaging to Acquire Metro Packaging & Imaging
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Graphic Packaging Holding Co., Atlanta, Ga., USA, a global provider of packaging solutions to food, beverage, and other consumer products companies, this week announced that its wholly owned subsidiary, Graphic Packaging International, has agreed to acquire the converting assets of Wayne, N.J.-based Metro Packaging & Imaging, 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 CEO, said that "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 CEO 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.
Graphic Packaging Holding Co. is one of the largest producers of folding cartons in the U.S., 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. More information about Graphic Packaging is available online.
