Business News

Graphic Packaging Divests Bag Equipment Manufacturing Facility

Wednesday 13. May 2009 - Graphic Packaging International, Inc., a subsidiary of Graphic Packaging Holding Company (NYSE: GPK), announced today 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. “This divestiture is in keeping with Graphic Packaging’s stated objective of optimizing its production assets following the combination with Altivity Packaging,” said David W. Scheible, President and CEO. “By continuing to sharpen our focus on our core packaging business, we have been able to achieve and exceed our synergy targets ahead of schedule.”