Graphic Packaging to Close Two U.S. Plants

“We intend to continue to compete as the lowest cost producer in our markets,” Scheible continued. “Our initiatives to integrate and optimize our manufacturing base ensure that our customers are reliably supported from a solid network of efficient, low-cost manufacturing facilities. As a result of our focus on these goals, we are better positioned today to strengthen our earnings performance and continue to reduce debt even under the current challenging operating environment.”