Industry News, Mergers and Acquisitions, Printers News

Graphic Packaging Acquires Letica Foodservice Assets

The agreement is for $95 million and the transaction is expected to close in the third quarter of 2018.

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By: Anthony Locicero

Copy editor, New York Post

Graphic Packaging Holding Company said its subsidiary, Graphic Packaging International, LLC, reached an agreement to acquire substantially all the assets of the foodservice business of Letica Corporation, a subsidiary of RPC Group PLC, for $95 million, subject to standard closing conditions and regulatory review. The transaction is expected to close in the third quarter of 2018. Letica Foodservice is focused on the production of paperboard-based cold and hot cups and cartons for the foodservi...

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