MARIETTA, Ga.—Graphic Packaging International, Inc., a subsidiary of Graphic Packaging Holding Company, announced that it plans to close two manufacturing facilities and transition business to other U.S. operating locations.
MARIETTA, Ga.—Graphic Packaging International, Inc., a subsidiary of Graphic Packaging Holding Company, announced that it has closed on the sale of its Salt Lake City, Utah, multi-wall bagging equipment business. This facility specializes in the production of multi-wall bagging equipment, which is non-core to Graphic's strategy.
MARIETTA, Ga.—Graphic Packaging International, Inc. plans to close four manufacturing facilities, and transition their business to other U.S. operating locations. The company's folding carton facility in Tuscaloosa, Ala. is expected to discontinue production by the end of the second quarter of 2009. It also expects to close folding carton plants in Morris, Ill. and Muncie, Ind. during the third quarter of 2009 and a multi-wall bag packaging facility, in Cantonment, Fla., by the end of the third quarter of 2009. Graphic Packaging also a permanently laid off about 60 employees at its Elk Grove Village, Ill. folding carton facility.
MARIETTA, Ga., and CHICAGO—Graphic Packaging Corporation and the owners of Altivity Packaging, LLC announced that they have signed a definitive agreement to combine the two companies. The new company will be called Graphic Packaging Holding Company and will trade under the NYSE ticker symbol “GPK”. The new company has significantly expanded product offerings, market reach, and technology capabilities and expects to have 47 folding carton facilities, 12 multi-wall & specialty bag facilities, 10 paperboard mills, 6 flexible packaging facilities, 5 ink manufacturing facilities, 3 label facilities and 3 packaging machinery manufacturing facilities worldwide. The combined management team has a strong track record of achieving
CAROL STREAM, Ill.Altivity Packaging announced today that it will increase the price for coated and uncoated recycled board by $50 per ton effective with shipments March 20, 2007. Chairman and Interim CEO George Bayly said, “Despite the recent rise in coated and uncoated recycled paperboard pricing and our continuous efforts to contain costs, the unfavorable dynamics of the recovered fiber markets are staggering. Faced with the suddenness and severity of these increases, we have no other option than to pass these costs through to the marketplace.”
Carol Stream, IL—Altivity Packaging, LLC announced its decision to discontinue operations at its North Kansas City, MO, folding carton plant. The facility produces folding cartons for a variety of consumer goods companies. The decision was made after careful review of the plant’s operations, available capacity within the company’s Folding Carton and Boxboard Mill Division, current economic market conditions and strategic fit. Operations will be consolidated with other Altivity Packaging folding carton facilities within the company. The plant’s final day of production is tentatively scheduled for December 30, 2006. A total of 111 salaried and hourly employees are affected.
