Graphic Packaging Acquires Sierra Pacific Packaging

The packaging firm Graphic Packaging Holding Co. (GPH) has announced plans to acquire the assets of Sierra Pacific Packaging Inc., a producer of folding cartons, beverage carriers and corrugated boxes for the consumer products industry. GPH, headquartered in Marietta, Ga., also is a manufacturer of packaging products for the consumer products industry.

According to a GPH release, the acquisition will give Graphic Packaging a strategic location to service customers on the West Coast. Completion of the transaction is expected to occur during the second quarter of 2011.

"Graphic Packaging has a strong record of achieving performance improvement objectives and of successfully integrating businesses," says David Scheible, GPI’s president and CEO. "This is an exciting opportunity for Graphic Packaging, Sierra Pacific and our customers. This acquisition not only provides our customers with important enhanced operating synergies, but Sierra's values, vision and culture of sustainability dovetail nicely with our own growth strategy for the future."

"Sierra Pacific Packaging is one of the largest local employers in Oroville, Calif., and is a leader in sustainability practices -- producing beverage carriers made from 100 percent recycled materials," says Allen Ennis, Sierra Pacific Packaging’s. "Graphic Packaging has a strong management team with a deep understanding of our customers' needs. We are excited to work with David Scheible and his leadership team to successfully combine our operations with Graphic Packaging."