
Atlanta-based Graphic Packaging Holding Co., a global provider of packaging solutions to food, beverage and other consumer products companies, has announced that its wholly owned subsidiary, Graphic Packaging International Inc., has acquired the converting assets of Staunton, Virginia-based Carded Graphics, a producer of printed folding cartons serving the food, craft beer and other consumer product markets.
“The acquisition of Carded Graphics' assets represents a continuation of our strategy to grow in key geographies and end markets,” says Michael Doss, president and chief operating officer of Graphic Packaging. “The addition of this state-of-the-art converting facility increases our East Coast presence allowing us to better service new and existing customers in that region, specifically the growing craft beer markets. We are also pleased to welcome Murry Pitts, president and CEO of Carded Graphics, and his outstanding leadership team to the Graphic Packaging team.”
Graphic Packaging says the transaction will be funded with existing cash and borrowing from its revolving line of credit.
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