Graphic Packaging and Altivity Merge

The merger is expected to create significant stockholder value by expediting growth opportunities, achieving significant cost savings and enhancing the credit profile of the newly-formed company through accelerated debt reduction.

Graphic Packaging’s President and Chief Executive Officer David W. Scheible will serve as the president, chief executive officer, and member of the board of directors of the new company, while George Bayly, Altivity Packaging’s chairman and interim chief executive officer, will also join the new company’s board of directors. The new company’s board will be comprised of a majority of independent directors, and will be chaired by Graphic Packaging’s current non-executive Chairman John R. Miller. The new company will be based in Marietta, Ga., and will retain a significant presence in Chicago, Ill., where Altivity Packaging is currently headquartered.