The Acquisition enhances Graphic Packaging's European platform by broadening its offerings in food and consumer products and extending the business into the store brand market.
The Combination creates a $ 700+ million business in Europe, and the acquisition complements Graphic Packaging's existing food and beverage business in Europe. The combined company is expected to generate $5-$7 million of synergies over the next 18 months, according to the Graphic Packaging.