The combination meaningfully increases our exposure to the growing food-service market, provides significant runway to realize synergies and will drive strong financial results."Īn integrated paper-based packaging company, Graphic Packaging has strategic folding carton and food-service converting positions globally, with approximately $6 billion in projected revenue.įor more information, visit . Riverwood International Corporation and Graphic Packaging Corporation merged into Graphic Packaging International, LLC. "We are very enthusiastic about the platform for future growth created by this combination and expect the transaction will significantly increase our mill production and converting scale. "We are excited to close this transformative transaction at the start of the new year, and the timing reflects the significant effort of both Graphic Packaging and International Paper employees," said Michael Doss, president and CEO of Graphic Packaging. There will also be no change to Graphic Packaging's current board of directors or leadership team. Merchandising displays, specialty packaging, eCommerce and fulfillment solutions for consumer packaged goods and retailers. Graphic Packaging will own 79.5 percent of the combined company and will be the sole manager. Partnering with our customers to deliver creative graphic design solutions for your on-package and virtual needs. The transferred business includes approximately 3,900 employees, two coated paperboard mills and three converting facilities in the United States along with one converting facility in the United Kingdom.Īs a result of the transaction, Graphic Packaging assumes $660 million of International Paper debt. Fibre-based packaging leader Graphic Packaging has announced the launch of an innovation in plastic replacement for food packaging, in partnership with leading UK-based food producer Cranswick PLC. Learn more about how Graphic Packaging is protecting what matters, expanding our impact, and transforming the future.International Paper recently announced that it has completed the transfer of its North American consumer packaging business to Graphic Packaging. Everyday, our diverse, enthusiastic team comes to work with one purpose: to make a World of Difference. At the same time, we’re also working to be good stewards and protect our natural resources by reducing our emissions, energy, water use, and waste and through sustainable forest fiber sourcing practices.ĭriving all of these actions on behalf of our customers, our communities, our planet, and each other are our 24,000+ employees. Our designers are transforming packaging to provide the circular solutions that consumers demand. We’re made investments to expand our recycled paperboard manufacturing capacity and global customer reach. We are engaged at both ends of the recovered material value stream - improving fiber circularity by promoting paper recycling and then using recovered materials to reduce dependence on virgin fiber in our products.įor Graphic Packaging, progress in the business-critical areas of environmental, social, and governance (ESG) means delivering positive outcomes for our people, our planet, our partners, and ultimately the growth and sustainability of our Company. Ninety-five percent of our paperboard products are recyclable, and for those that aren’t widely accepted for recycling at this time, we partner with our value chain to develop solutions to increase acceptance so we may recover these valuable fibers to make new products. Graphic Packaging is stepping up to these challenges by delivering an innovative product portfolio that starts with renewable and recycled fiber raw materials and embraces product recyclability after use. Founded in 1992, Graphic Packaging Holdings provides paper-based. Our ability to innovate safe, low-carbon, and circular packaging solutions will be a key enabler for long-term sustainable growth. View Graphic Packaging International (location in Georgia. Consumers are also demanding that products - and the packaging that protects them - are safe and free of chemicals that may cause harm to people and the planet. Our customers have relied on us to be there for them, our communities have counted on us to be a force for good and we’ve worked together to create what's next. More goods need to be packed and shipped to address the needs of a growing urban population, while at the same time packaging needs to transform to reduce carbon emissions and minimize waste. Since 1898, International Paper has been one of the world’s leading producers of fiber-based, renewable products. Strong global forces are driving changes in the packaging industry.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |