Business News

Graphic Packaging to Divest Two Mills to an Affiliate of Sun Capital Partners

Friday 11. July 2008 - Graphic Packaging International, Inc., a subsidiary of Graphic Packaging Holding Company (NYSE:GPK), announced today that it has signed an agreement with an affiliate of Sun Capital Partners, Inc. to sell two coated-recycled board (CRB) mills as required by the U.S. Department of Justice pursuant to the Consent Decree governing the combination of Graphic Packaging International, Inc. and Altivity Packaging, LLC in March 2008.

The mills being sold are located in Philadelphia, Pennsylvania and in Wabash, Indiana. The transaction is subject to review by the U.S. Department of Justice and other customary closing conditions.

After the divestitures, Graphic Packaging, a leading manufacturer of paperboard, will have an annual production capacity of approximately 855,000 tons of coated-recycled board and approximately 1.3 million tons of CUK(R) paperboard.

Mesirow Financial, Inc. served as exclusive financial advisor to Graphic Packaging and Alston & Bird LLP served as outside legal counsel to Graphic Packaging in connection with this transaction.