Courtesy of Benzinga.
Graphic Packaging Holding Company (NYSE: GPK), a leading provider of packaging solutions to food, beverage and other consumer products companies, today announced an agreement for one of its subsidiaries to acquire A&R Carton’s Beer and Beverage packaging business in Europe.
“The acquisition of A&R Carton’s Beer and Beverage packaging business enhances our position in the European beverage packaging market and enables us to extend our customer reach in the region,” said David Scheible, Graphic Packaging’s President and Chief Executive Officer. “A&R has a solid reputation as an innovative beverage packaging supplier and the combination allows us to better serve our global beverage customers with a broader base of new products and services. Similar to our strategy in the U.S., we are committed to growing our European business around food and beverage end markets and optimizing our supply chain footprint around our customers’ needs. The A&R acquisition, combined with last week’s announced acquisition of Contego Cartons, gives Graphic Packaging a significant position in the European folding carton market and widens the Company’s global footprint.”
