Graphic Packaging Holding Company Announces Receipt of All Required Regulatory Approvals for Pending Acquisition with AR Packaging

Rhea-AI Summary

Graphic Packaging Holding Company (NYSE: GPK) has received all necessary regulatory approvals for its acquisition of AR Packaging Group AB, enhancing its position as a leading provider of sustainable fiber-based packaging solutions. Announced on May 14, 2021, the acquisition is set to complete in early November 2021, pending customary closing conditions. This strategic move aims to bolster market presence in the consumer packaging sector, focusing on sustainability. Graphic Packaging specializes in various fiber-based packaging solutions for the food, beverage, and consumer products industries.

Positive

• Receipt of all regulatory approvals for the acquisition of AR Packaging Group AB.
• Strategic acquisition expected to enhance market position in sustainable packaging.
• Creation of a premier global provider of fiber-based consumer packaging solutions.

Negative

• None.

ATLANTA, Oct. 13, 2021 /PRNewswire/ -- Graphic Packaging Holding Company (NYSE: GPK), ("Graphic Packaging"), a leading provider of sustainable fiber-based packaging solutions for a wide variety of products to food, beverage, foodservice, and other consumer products companies, today announced that all required regulatory approvals to complete the proposed acquisition of AR Packaging Group AB have now been received. The transaction is expected to be completed in early November 2021, subject to the satisfaction of the remaining customary closing conditions set forth in the acquisition agreement.

Graphic Packaging announced its intent to acquire AR Packaging Group AB on May 14, 2021, creating the premier global provider of sustainable fiber-based consumer packaging solutions.

Forward Looking Statements

Certain statements contained in this press constitute "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements may relate to, among other things, the closing of our acquisition of AR Packaging, our business plans, strategies, initiatives and objectives and their expected execution and impact; and our assumptions and expectations regarding any of the foregoing. Forward-looking statements are based on currently available information and our current assumptions, expectations and projections about future events. These statements are not guarantees of future performance and are subject to future events, risks and uncertainties that could cause actual results to differ materially from our expectations and projections. These risks and uncertainties include, but are not limited to, those described in Item 1A, "Risk Factors," and elsewhere in our Annual Report on Form 10-K for our fiscal year ended December 31, 2020, and in our subsequent Quarterly Reports on Form 10-Q.

About Graphic Packaging Holding Company

Graphic Packaging Holding Company (NYSE: GPK), headquartered in Atlanta, Georgia, is committed to providing consumer packaging that makes a world of difference. The Company is a leading provider of sustainable fiber-based packaging solutions for a wide variety of products to food, beverage, foodservice, and other consumer products companies. The Company operates on a global basis, is one of the largest producers of folding cartons and paper-based foodservice products in the United States, and holds leading market positions in coated recycled paperboard, coated unbleached kraft paperboard and solid bleached sulfate paperboard. The Company's customers include many of the world's most widely-recognized companies and brands. Additional information about Graphic Packaging, its business and its products is available on the Company's web site at www.graphicpkg.com.

 

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SOURCE Graphic Packaging Holding Company

FAQ

What acquisition has Graphic Packaging announced?

Graphic Packaging has announced the acquisition of AR Packaging Group AB.

When is Graphic Packaging's acquisition of AR Packaging expected to be completed?

The acquisition is expected to be completed in early November 2021.

What does the acquisition of AR Packaging mean for Graphic Packaging?

The acquisition aims to strengthen Graphic Packaging's market position as a provider of sustainable fiber-based packaging solutions.

What approvals were required for the Graphic Packaging acquisition?

All necessary regulatory approvals for the acquisition of AR Packaging Group AB have been received.

When was the acquisition of AR Packaging Group AB announced?

The acquisition was announced on May 14, 2021.