Graphic Packaging to Acquire Folding Carton Manufacturer Walter G. Anderson
ATLANTA—January 18, 2016—Graphic Packaging Holding, a leading global provider of packaging solutions to food, beverage and other consumer products companies, has announced that its wholly owned subsidiary, Graphic Packaging International, has agreed to acquire 100 percent of the outstanding equity of Walter G. Anderson Inc., including the company's two converting facilities from its shareholders.
Walter G. Anderson is a premier folding carton manufacturer with a focus on store branded food and consumer products markets. The company operates two world-class sheetfed folding carton converting facilities located in Hamel, Minnesota, and Newton, Iowa.
"The acquisition of Walter G. Anderson is a continuation of our strategy to grow in attractive geographies and end markets," said Michael Doss, Graphic Packaging's president and CEO. "The addition of these two state-of-the-art converting facilities enhances our leadership position in the key North American food and consumer product markets. We are also very pleased to welcome Marc Anderson, president and CEO of Walter G. Anderson, and his highly talented workforce to the Graphic Packaging team."
Marc Anderson also added, "We are delighted to join the Graphic Packaging team. Our employees and customers will benefit from this combination. Our long history of providing our customers with high-quality, value added packaging solutions, speed to market, and a customer focused culture will certainly strengthen Graphic Packaging's global position in the food and consumer product packaging markets."
The acquisition is subject to standard closing requirements and regulatory review and is expected to close in the first quarter of 2016.
About Graphic Packaging Holding
Graphic Packaging Holding (NYSE:GPK), headquartered in Atlanta, 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. The company's customers include some of the most widely recognized companies in the world.
Source: Graphic Packaging Holding.