Industry News, Mergers and Acquisitions, Printers News

Graphic Packaging Announces Agreement to Sell Multi-Wall Bag Business

Mondi Group acquires nine plants and a kraft mill

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Graphic Packaging Holding Company, a leading provider of packaging solutions to food, beverage and other consumer products companies, announced that it and its wholly owned subsidiary Graphic Packaging International, Inc., have entered into a definitive agreement to sell their multi-wall bag business to Mondi Group. The non-core assets to be divested include nine multi-wall bag converting plants located throughout the U.S. and the Pine Buff, AR kraft paper mill. “The anticipated sale of th...

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