Graphic Packaging Holding Company (NYSE: GPK), (“Graphic Packaging”), a leading vertically-integrated provider of sustainable fiber-based consumer packaging solutions, today announced the successful close of its acquisition of AR Packaging Group AB, Europe’s second largest producer of fiber-based consumer packaging. The acquisition accelerates Graphic Packaging’s growing position serving consumer packaged goods companies around the world with sustainable fiber-based packaging alternatives.
Graphic Packaging announced its intent to acquire AR Packaging Group AB on May 14, 2021.
https://investors.graphicpkg.com/news/news-details/2021/Graphic-Packaging-Holding-Company-Announces-Completion-of-AR-Packaging-Acquisition-Significantly-Strengthening-Global-Market-Position-in-Fiber-Based-Packaging-Solutions/default.aspx
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A decade or so ago, Ben Miyares, a regular contributor to this magazine and President of The Packaging Management Institute, was teaching a module for our on-line Packaging Masters Program Course “The Value of Packaging” at Michigan State University.
We had just started PTIS and believed that packaging value was very understated and that there were big opportunities ahead. The Miyares module was about packaging being bigger than an “industry”—he referred to it as an “economy.”
Graphic Packaging Holding Company announced that it has published its 2019 Environmental, Social and Governance (ESG) Report. With this report, the Company has provided additional disclosures using the Sustainability Accounting Standards Board (SASB) reporting framework and has committed to a broader set of environmental, social and governance initiatives. "Our sustainability reporting continues to exhibit transparency on topics that matter most to investors, customers, employees and other stakeholders," said Michael Doss, President and Chief Executive Officer. "Customers, suppliers, investors, employees and the communities where Graphic Packaging conducts business have helped shape the Company's sustainability vision. We are pleased to disclose the significant progress we have made and our resolve for continued improvement on topics that are most impactful and important to these stakeholders." Graphic Packaging is working diligently toward meeting its Vision 2025 sustainability goals, and accomplished early achievement of two goals in 2019: 100 percent of global folding carton/cup manufacturing facilities are now engaged in a waste diversion program; 100 percent of global folding carton/cup manufacturing facilities and paperboard mills comply with Graphic Packaging's forest and fiber certification requirements.