Graphic Packaging To Close Facilities

Additionally, Graphic Packaging announced a permanent layoff of approximately 60 employees at its Elk Grove Village, Ill. folding carton facility in a strategic move to streamline operations and help to ensure the company operates with the lowest cost structure in the industry.

"A year ago, in March 2008, we combined the operations of Graphic Packaging and Altivity Packaging to create one of the world's largest packaging companies. We are continuing to push aggressively in 2009 to integrate assets and streamline operations, as well as achieve a minimum of $90 million in synergy savings expected from our combination," said David W. Scheible, president and chief executive officer of Graphic Packaging International, Inc.