Graphic Packaging completes acquisition of Norgraft Packaging, S.A. in Spain

4 October, 23:51
Graphic Packaging Holding Company has announced that one of its wholly owned subsidiaries has acquired Norgraft Packaging, S.A.
Norgraft is a leading folding carton producer in Spain focused on the food and household goods markets. Norgraft converts approximately 25,000 tons of paperboard annually and operates two converting plants located in Maliaño and Requejada in Cantabria, Spain. The business generated revenue of approximately $40 million on an LTM basis.

"The announced transaction is consistent with our strategy to pursue acquisitions that allow us to grow our folding carton volume in attractive geographies and end-markets, improve our cost position, service our customers with excellence, and increase our mill to converting plant integration levels over time," said President and CEO Michael Doss.

Graphic Packaging Holding Company is a leading provider of paper-based packaging solutions.



Comments

To like this you need to register.
To do this, enter your name and email address.
Name:
Surname:
E-mail:
Sex:
If you are already registered
please enter your details here
To leave comments you need to register.
To do this, enter your name and email address.
Name:
Surname:
E-mail:
Sex:
If you are already registered
please enter your details here
We welcome comments that advance the story through relevant opinion and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Lesprom Network. For more information on our comment policy, see: http://www.lesprom.com/legal/comment_policy/
Back to top