US commercial packaging company Graphic Packaging International will be taking over the 100% equity interest in folding carton manufacturer Walter G Anderson (WG Anderson).

Financial details about the acquisition have not yet been disclosed.

Earlier this month, the firm has agreed to take over folding carton supplier Colorpak in a $60m bid.

"The acquisition of WG Anderson is a continuation of our strategy to grow in attractive geographies and end markets."

WG Anderson delivers folding cartons for the store-branded food and consumer product markets. This deal will entitle Graphic Packaging to own WG Anderson’s two sheet-fed, folding carton converting facilities in Hamel, Minnesota, and Newton, Iowa.

Graphic Packaging president and CEO Michael Doss said: "The acquisition of WG Anderson is a continuation of our strategy to grow in attractive geographies and end markets.

"The addition of these two state-of-the-art converting facilities enhances our leadership position in the key North American food and consumer product markets."

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The firm expects to complete the deal within the first quarter of this year, following standard closing conditions and regulatory review.

WG Anderson president and CEO Marc Anderson said: "Our long history of providing our customers with high-quality, value-added packaging solutions, speed to market, and a customer-focused culture will certainly strengthen Graphic Packaging’s global position in the food and consumer product packaging markets."