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About Graphic Packaging Holding Company (NYSE: GPK)
Graphic Packaging Holding Company, headquartered in Atlanta, Georgia, is a global leader in the consumer packaging industry. The company specializes in creating sustainable, fiber-based packaging solutions for a wide range of products including food, beverages, foodservice, and other consumer goods. Through its subsidiaries, the company operates in three main segments: Paperboard Manufacturing, Americas Paperboard Packaging, and Europe Paperboard Packaging.
Graphic Packaging is known for its extensive portfolio which includes folding cartons, unbleached paperboard, coated recycled board, and microwave packaging. The majority of its revenue comes from the Americas Paperboard Packaging segment, which caters predominantly to consumer packaged goods (CPG) and quick-service restaurants (QSR).
Committed to innovation and sustainability, Graphic Packaging continually advances its technology and product offerings to meet the evolving demands of consumers and businesses alike. Notably, the company has set ambitious goals under its Vision 2030 plan, aimed at expanding its market reach and reducing its environmental footprint.
Recent achievements include the launch of the state-of-the-art K2 recycled paperboard machine, which has significantly enhanced production efficiency and quality. The company has also reported strong financial performance, with net sales of $2.349 billion in Q3 2023 and a solid adjusted EBITDA growth.
In line with its growth strategy, Graphic Packaging has made strategic acquisitions such as Bell Incorporated, improving its integration rates and expanding its product categories. The company also announced the sale of its Augusta, Georgia bleached paperboard manufacturing facility to Clearwater Paper, a move expected to enhance its operational focus.
For more detailed financial metrics and latest news, Graphic Packaging consistently updates investors and stakeholders through earnings calls and periodic filings with the SEC. The company's commitment to innovation and sustainability continues to make it a preferred choice for some of the world's most renowned brands.
Additional information about Graphic Packaging, its business operations, and product portfolio can be found on their official website.
On November 9, 2021, Graphic Packaging announced a private offering of senior notes totaling $400 million and €290 million. The Dollar Notes will yield 3.750% interest while the Euro Notes will yield 2.625%. Proceeds, expected to close by November 19, 2021, will be used to repay existing loans related to the acquisition of AR Packaging Group AB. The offering is targeted at qualified institutional buyers and is exempt from certain registration requirements under the Securities Act.
Graphic Packaging announced a private offering of senior notes totaling $400 million and €290 million. The Dollar Notes will mature in 2030, while the Euro Notes will mature in 2029. Proceeds will be used to repay borrowings from an Incremental Term Loan related to the recent AR Packaging Group AB acquisition. The offering is aimed at qualified institutional buyers and will not be registered under the Securities Act, ensuring compliance with necessary regulations.
Graphic Packaging Holding Company (NYSE: GPK) has successfully completed its acquisition of AR Packaging Group AB, Europe's second-largest producer of fiber-based consumer packaging, as of November 2, 2021. This strategic move is expected to enhance Graphic Packaging's position in the market for sustainable fiber-based packaging alternatives, benefiting consumer packaged goods companies globally. Notably, AR Packaging reported net sales of approximately $1.1 billion, with operations across 30 factories in 13 countries.
Graphic Packaging Holding Company (NYSE: GPK) reported Q3 2021 net sales of $1,782 million, up from $1,698 million year-over-year. Net income rose to $73 million or $0.24 per share, compared to $64 million or $0.23 per share in Q3 2020. Adjusted EBITDA was $284 million, influenced by $53 million in pricing actions amidst $88 million in commodity inflation. The AR Packaging acquisition is set to close on November 1st.
Despite a strong demand for sustainable packaging, delayed sales due to supply chain issues impacted performance.
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.
Graphic Packaging Holding Company (NYSE: GPK) will announce its third quarter 2021 financial results before market opening on October 26, 2021. A conference call to discuss the results is scheduled for 10:00 a.m. ET. The details for listening via web or phone have been provided, requiring the conference ID 355606. Additionally, the company plans to release its fourth quarter and full year 2021 results on February 17, 2022. Graphic Packaging is a leading provider of sustainable fiber-based packaging solutions.
Graphic Packaging International has announced a $100 million tax-exempt green bond offering, set to mature in 2061, through the Michigan Strategic Fund. The bonds will be issued at a price of 110.99 with a 4.0% interest rate, yielding 1.7% effectively. Net proceeds of approximately $109.5 million will help fund a $600 million project aimed at optimizing coated recycled board production in Kalamazoo, Michigan. This project will support environmental sustainability by improving water and energy use and reducing emissions.
Graphic Packaging Holding Company (NYSE: GPK) will be presenting at the 2021 RBC Capital Markets Global Industrials Virtual Conference on September 9, 2021, at 10:40 AM ET. Stephen R. Scherger, the Executive Vice President and CFO, will lead the discussion in a fireside chat format. The presentation can be accessed live and in replay via webcast on the Graphic Packaging website. The company specializes in sustainable fiber-based packaging solutions for various consumer products, making it one of the largest producers in the U.S.
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