Graphic Packaging is the largest global producer of folding cartons. It is listed on the New York Stock Exchange and holds market leadership positions in coated recycled paperboard, unbleached kraft paperboard, and solid bleached sulfate paperboard. The company was advised by Alston & Bird, whose partners were involved in the deal. This acquisition represents a new step for Graphic Packaging and its business as it expands its portfolio of products.
Sonoco’s flexible packaging business
In 2004, Sonoco expanded its flexible packaging business by acquiring CorrFlex Graphics, the largest point of purchase display company in the United States with annual sales of $200 million. Sonoco also completed a business combination with Ahlstrom, combining the two companies’ European paper-based tube/core operations. Sonoco owns 64.5% of Sonoco-Alcore S.a.r.l., which operates under the name Sonoco-Alcore S.a.r.l. Combined with Ahlstrom, Sonoco’s flexible packaging business is growing and serving new markets.
During the third quarter of 2003, sales at All Other Sonoco grew, primarily in plastics and wire-and-cable reels. Additionally, sales in Sonoco’s flexible packaging business increased, helped by favorable foreign exchange translation and a small acquisition. The company also recognized a positive price-cost relationship and recovered raw material costs through pricing. This results in higher net sales and lower operating expenses.
Graphic Packaging’s acquisition of AR Packaging
The Graphic Packaging Holding Company has agreed to acquire AR Package AB, Europe’s second largest producer of fibre-based consumer packaging. The two companies are expected to combine their operations in a deal worth $1.45 billion, including custom adjustments. The combined company will have global scale, design expertise, and a unique position to capitalize on organic growth opportunities in the region. The deal is expected to be completed by the end of the third quarter of 2019.
The transaction was unanimously approved by both parties, according to a release. According to a statement, the transaction is expected to close in the next four to six months. The financial advisers to both companies are BofA Securities and Credit Suisse International. AR Packaging’s board of directors includes executive management, senior management, and the entire management team. The combined companies are headquartered in St. Louis, Missouri, and employ approximately 2,000 people.
Investment in Macon mill
An Atlanta-based company is investing $136 million in its Macon mill in order to modernize its equipment and retain hundreds of jobs. The company already employs more than 460 people in Georgia, but this new investment will keep 460 manufacturing jobs in the region. The investment will also upgrade water, air, and generator systems at the mill. That means more efficient production and reduced emissions. The investment is the result of a collaborative relationship between the company and the Macon-Bibb Industrial Authority.
Since 2013, Interfor has acquired seven Georgia mills, including two in Macon. It has invested more than $500 million in the state since 2013. The Sandy Springs-based Graphic Packaging recently announced an investment of $136 million in its Macon mill. It hopes to retain at least 460 jobs, and the new plant will add an additional 150 jobs. In addition, the company is one of the largest customers of the Macon Water Authority. The agency treats 7.5 million gallons of sewage every day, and Graphic Packaging is the company that uses the plant’s water treatment plant to make paperboard.
Customers of Graphic Packaging
Graphic Packaging is a global manufacturer of paperboard and other products. Its operations are vertically integrated, utilizing 8 paperboard mills across North America. This allows it to maintain a low cost production model while maximizing EBITDA margins. The company plans to achieve 80 to 90 percent vertical integration by 2025. It also employs an environmentally conscious workforce. It has a good reputation with consumers, earning high satisfaction scores from 13 customer surveys.
The company has acquired AR Packaging, a leading producer of fiber-based consumer packaging solutions. The acquisition of AR Packaging is part of its mission to grow alongside customers and expand its global scale. AR Packaging’s facilities in central, eastern, and Scandinavia will expand Graphic Packaging’s global footprint. Additionally, the combined group will have a stronger presence in emerging markets, including Africa. Graphic Packaging is a trusted partner to many top global brands. check site.