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
Related Posts
Notable items in the fourth quarter include: *Record net sales of $5.1 billion increased 14% compared to $4.5 billion in the prior year quarter *Net income of $324 million compared to a net loss of $1,156 million in the prior year quarter, which included a $1,314 million goodwill impairment net of tax. Full Year 2021 Highlights: *Record net sales of $18.7 billion increased 7% compared to $17.6 billion in the prior year *Net income of $838 million compared to a net loss of $691 million in the prior year *Generated net cash provided by operating activities of $2.28 billion and record Adjusted Free Cash Flow of $1.49 billion; ended the year with a net leverage ratio of 2.38x
“Reaching net-zero emissions by 2050 is critical to avoiding the most catastrophic environmental, social, and economic impacts of climate change,” said Tom Salmon, CEO and Chairman of the Board at Berry Global. “As a global plastic packaging leader, we have a responsibility to protect the environment by minimizing the impact of our products, operations, and value chain as well as our business by limiting the exposure of our operations and supply chain to climate risk.” Achieving net-zero GHG emissions will require a range of solutions across Berry’s broad geographic footprint and diverse portfolio of converting and decorating technologies. Emissions reduction strategies primarily fall under three categories: *Circular plastics: drive circularity and reduce GHG emissions by moving away from virgin, fossil fuel-based plastic and using lighter weight, less carbon-intensive, circular materials, including recycled plastics and bio-based plastics made from renewable resources, like used cooking oil *Value-chain engagement: because most of the company’s value-chain emissions come from purchased goods and services, work with customers to develop lower-carbon solutions and suppliers to provide lower-carbon materials and services *Cleaner energy: increase investment in renewable energy to decrease use of fossil fuels, minimize the environmental impact of energy sources vital to manufacturing, continually improve energy efficiency to reduce overall energy dependence, and take steps to electrify processes within operations that consume gas and fuel
On Tuesday, January 14, 2025, Eagle Flexible Packaging, a Batavia, IL-based firm, announced plans to construct a new $5 million, 52,000 square foot facility in the Waupun Industrial Park. At the January 14, 2025 meeting of the Waupun Common Council, Waupun’s elected officials approved a developer’s agreement to sell city owned land to the company, paving the way for the proposed expansion to begin in early 2025. Eagle Flexible Packaging began operations in the City of Waupun in 2021, after acquiring a formerly shuttered production facility located at 4 Taylor St. The company has added 65 jobs in Waupun since opening the Taylor St facility three and a half years ago. In 2024, Eagle Flexible Packaging acquired 1208 Wilson Drive in the Waupun Industrial Park and has invested more than $3 million in that facility, including facility improvements and the addition of state-of-the-art graphics equipment to support continued growth in Waupun.