UPDATE: Graphic Packaging (GPK) Acquires Folding Carton Facility in Omaha, NE from Quad/Graphics Inc. for $40M
(Updated - January 28, 2020 7:48 AM EST)
Graphic Packaging (NYSE: GPK) today announces that it has reached an agreement to acquire a folding carton facility from Quad/Graphics, Inc. for $40.0 million, subject to standard closing conditions. The approximately 400,000 square foot converting facility is strategically located in Omaha, Nebraska, close to many existing food, beverage and industrial customers. The business generates approximately $75 million in revenue, consumes roughly 40,000 tons of paperboard, and is expected to generate approximately $7 million in annualized EBITDA including synergies over the next 24 months. The anticipated close date for the transaction is January 31st.