Business News
Graham Packaging Announces Purchase of China Roots Packaging PTE Ltd.
Friday 02. July 2010 - Graham Packaging Company Inc. (NYSE:GRM) today announced that its subsidiary, Graham Packaging Company, L.P., has successfully acquired China Roots Packaging PTE Ltd. ("China Roots") from PCCS Group Berhad, a Malaysian company. China Roots is a plastic container manufacturing company located in Guangzhou, China. Graham Packaging and PCCS Group Berhad completed the transaction on July 1, 2010.
China Roots operates a world-class container manufacturing plant in the Guangzhou Economic and Technological Development District. The plant makes plastic containers and closures for food, health care, personal care and petrochemical products. Its customers include several global consumer product marketers. China Roots’ 2009 sales were approximately RMB 111 million.
The purchase of China Roots is the first operation for Graham Packaging in China. “The acquisition of China Roots opens up a significant new market opportunity for Graham Packaging,” said Mark Burgess, CEO. “We are excited about taking a major step forward in our pursuit of global growth and serving our multinational customers in this important market.”
Graham Packaging, based in York, Pennsylvania, is a worldwide leader in the design, manufacture and sale of technology-based, customized blow molded plastic containers for the branded food and beverage, household, personal care/specialty and automotive lubricants product categories. Graham Packaging has an extensive blue-chip customer base that includes many of the world’s largest branded consumer products companies. It produces more than 20 billion container units annually at 83 plants in North America, Europe, South America, and China.
Graham Packaging is a leading U.S. supplier of plastic containers for hot-fill juice and juice drinks, sports drinks, drinkable yogurt and smoothies, nutritional supplements, wide-mouth food, dressings, condiments and beers; the leading global supplier of plastic containers for yogurt drinks; a leading supplier of plastic containers for liquid fabric care products, dish care products and hard-surface cleaners; and the leading supplier in the U.S., Canada and Brazil of one-quart/liter plastic motor oil containers.