Here's the Deal
Baird's Investment Banking Group is pleased to announce the following transaction:
Graphic Packaging Holding Company
Sale of its Flexible Plastics and Film Business to Berry Plastics Group, Inc.
Baird served as the exclusive financial advisor to Graphic Packaging Holding Company
Graphic Packaging Holding Company (“Graphic Packaging” or the “Company”) (NYSE:GPK) recently completed the sale of its Flexible Plastics and Film business to Berry Plastics Group, Inc. (“Berry”) (NYSE: BERY). Terms of the transaction were not disclosed.
The transaction includes Graphic Packaging’s facilities located in Des Moines, Iowa; Milwaukee, Wisconsin; and Schaumburg, Illinois. Approximately 270 individuals are employed at these facilities where wraps, films, pouches and bags are produced for the food, medical, industrial, personal care and pet food markets. The newly acquired facilities will be operated in Berry Plastics’ Flexible Packaging Division.
Graphic Packaging is a leading provider of packaging solutions for a wide variety of products to food, beverage and other consumer products companies. The Company is one of the largest producers of folding cartons and holds a leading market position in coated-unbleached kraft, coated-recycled boxboard, multi-wall bags and specialty packaging. Graphic Packaging is headquartered in Atlanta, Georgia.
Berry Plastics Group, Inc. is a leading provider of value-added plastic consumer packaging and engineered materials delivering high-quality customized solutions to its customers. Berry’s world headquarters is in Evansville, Indiana.