Global packaging solutions provider acquires Virginia-based firm

FALLS CHURCH (Scrap Monster): Graphic Packaging International Inc. has announced acquisition of the assets of Carded Graphics, a Staunton, Virginia-based producer of printed folded cartons. The acquisition has been funded with existing cash and borrowings from the parent company’s revolving line of credit.

According to Michael Doss, Graphic Packaging's President and Chief Operating Officer, the acquisition is part of company’s ongoing strategy to expand its presence in key geographies and end markets. The addition of the Carded Graphics’ modern converting facility will help the company to boost its market potentials in the East coast region. Furthermore, the acquisition will help the company to better service new and existing customers in the region, Doss added.

Meantime, Murry Pitts, President and CEO of Carded Graphics stated that the takeover of the company has happened at the most appropriate time. The strategic tie-up with the global leader in packaging solutions will benefit its employees and customers, noted Pitts. The association will add value to paperboard marketplace, he added.

Graphic Packaging International, Inc. (GPI) is a wholly owned subsidiary of Graphic Packaging Holding Company headquartered in Atlanta, Georgia. GPI is a leader in the packaging industry, serving hundreds of the world’s most recognized brands.  It designs smart and attractive packaging that stands out in the highly competitive retail marketplace. Headquartered in Brussels, the company operates from thirteen converting sites and strategic offices across Europe. It is a leading producer of folding cartons, microwave packaging and suppliers of packaging systems and machinery to the world’s leading brands. 

Carded Graphics is a producer of printed folding cartons producer serving the food, craft beer and other consumer product markets.