Graphic Packaging to acquire Metro Packaging & Imaging in the US

29 March 2016 (Last Updated March 29th, 2016 18:30)

Graphic Packaging International has agreed to acquire converting assets from Metro Packaging & Imaging for an undisclosed amount.

Graphic Packaging International has agreed to acquire converting assets from Metro Packaging & Imaging for an undisclosed amount.

The acquisition is in line with the company's strategy to develop the best supply chain in the packaging industry.

Based in New Jersey, Metro Packaging produces printed folding cartons. It serves the food and away-from-home end markets through strong sheet-fed and web press capabilities.

It offers a full range of services, including production artwork (keylining), pre-press and finishing production.

Metro Packaging stated it has the capacity to handle the most challenging graphics for flexographic, offset, gravure and silk screen print methods.

Graphic Packaging president Michael Doss said: "Metro Packaging is strategically situated near key northeast customers and supports our vertically integrated model.

"Metro Packaging is strategically situated near key northeast customers and supports our vertically integrated model."

"We look forward to welcoming Armand deTorres, president and chief executive officer of Metro Packaging, and his outstanding leadership team to Graphic Packaging."

Subject to standard closing requirements, the deal is expected to be completed this week.

The company recently announced plans to acquire 100% equity interest in folding carton manufacturer Walter G Anderson (WG Anderson).

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 International is a wholly owned subsidiary of Graphic Packaging Holding, which provides paper-based packaging solutions for various products to food, beverage and other consumer product companies.

Graphic Packaging Holding is one of the leading producers of folding cartons in the US.