Graphic Packaging International, Inc., a subsidiary of Graphic Packaging Holding Company, announced that it has entered into an agreement to divest certain assets and liabilities of the Handschy inks coatings and varnishes business to Sun Chemical. The parties plan to close on the transaction at an undetermined date.
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.
