Mar 14, 2008. /Lesprom.com/. Gibraltar Packaging Group announced that it has entered into a definitive agreement and plan of reorganization, merger and dissolution with Rosmar Packaging Group, Inc., a leader in the packaging and printing industry in North America. Under the terms of the agreement, a newly-formed corporation to be owned by the current stockholders of Gibraltar will become a wholly-owned subsidiary of Rosmar, the stockholders of such newly-formed corporation will receive $4.25 in cash, without interest, for each share they own at the effective time of the merger and Gibraltar will dissolve. The transaction is expected to be completed during the 2Q of this year, subject to receipt of Gibraltar stockholder approval and Rosmar obtaining financing to complete the transaction. In connection with the proposed transaction, Gibraltar will mail a proxy statement to its stockholders. Stockholders are advised to read the proxy statement because it contains important information about the proposed transaction. Gibraltar Packaging Group, Inc. designs and manufactures specialty packaging products, include folding cartons, specialty laminated containers and flexible packaging for a wide variety of businesses.