10/22/2023 0 Comments Graphic packaging international paper![]() The company is one of the largest producers of folding cartons and holds a leading market position in coated-unbleached kraft and coated-recycled board. Graphic Packaging Holding Company, headquartered in Atlanta, Georgia, is a leading provider of packaging solutions for a wide variety of products to food, beverage and other consumer products companies. The transaction significantly increased our addressable market and vertical integration opportunities, while accelerating our presence in fiber-based packaging solutions," Doss concluded. Having cups designed to fit the specifications of vending equipment is critical to. We appreciate the confidence International Paper placed in us to build and grow the business. Vending hot cups are specially designed to fit inside standard coffee dispensing machines that reside in self-service locations, such as break rooms and rest stops and that control the amount of a hot beverage being dispensed to the consumer. "The 2018 transaction with International Paper has successfully created value for our customers and stakeholders while building a leading integrated paperboard packaging platform. "Our strong cash flow generation and healthy balance sheet provide us the flexibility to purchase the initial $250 million of minority interest from International Paper," said Michael Doss, President and CEO of Graphic Packaging Holding Company. At the end of 2019, Graphic Packaging had availability under the domestic revolving facility in excess of $1.4 billion.Īccording to Graphic Packaging, International Paper has the contractual right to continue to reduce its minority ownership interest in the Partnership every 180 days with the next potential transaction date in July 2020, subject to modification by the parties. The purchase will be funded with a draw on Graphic Packaging's domestic revolving credit facility. ![]() Per the agreement between the parties, Graphic Packaging will purchase approximately 15.1 million partnership units from International Paper for $250.0 million. MACON, Georgia (From news reports) - Graphic Packaging International plans to invest 136.8 million in modernizing the equipment at its Macon facility. 28, 2020 - Graphic Packaging Holding Company today announced that International Paper has notified the Company of its intent to begin the process of reducing its ownership interest in Graphic Packaging International Partners, LLC (the "Partnership"). Western Michigan University Certified.International Paper's ownership interest in Graphic Packaging International Partners, LLC will decrease from approximately 21.6% to 18.3%. Join us in taking your packaging to the next level with OptiCycleâ¢! OptiCycle⢠is the next step forward in the collective journey towards a more circular economy. ![]() Paper foodservice packaging made with renewable fiber is a great on-the-go option for both brands and consumers today. OptiCycle⢠hot cups have received BNQ certification in Canada, which certifies the product as compostable to BNQ standards. When repulped, approximately 98% of the fiber is recovered which means that almost the entire cup can be used to make other paper products. At Graphic Packaging International, we produce the paper cup that held your coffee this morning, the basket that transported those bottles of craft beer you. This new product line is designed to be more easily recyclable by allowing smooth separation of the liquid barrier coating from the paper. About Us At Graphic Packaging International, we produce the paper cup that held your coffee this morning, the basket that transported those bottles of craft beer you enjoyed last weekend, and the microwave tray that heated your gourmet meal last night. OptiCycleâs advanced coating technology allows Graphic Packaging International to reduce the amount of material used without sacrificing performance expectations. Youâve probably purchased food, beverages or other consumer products sold in our. OptiCycle⢠is a new, innovative line of non-polyethylene (PE) coated foodservice packaging that provides an alternative to traditional PE and polylactic acid (PLA) coated products. Graphic Packaging International, Inc., (NYSE: GPK), headquartered in Atlanta, Georgia, is a leader in packaging design and innovation, serving hundreds of the worldâs most recognized brands.
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