Graphic Packaging (GPK) Reports In-Line Q4 EPS, Revenues Miss

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UPDATE: Graphic Packaging (GPK) Acquires Folding Carton Facility in Omaha, NE from Quad/Graphics Inc. for $40M

January 28, 2020 6:43 AM EST

(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... More

Graphic Packaging (GPK) Announces Initial $250M Acquisition of IP's (IP) Minority Ownership Interest in Partnership; Reports Settlement of Approx. $900M in U.S. Pension Plan Obligations

January 28, 2020 6:43 AM EST

Graphic Packaging Holding Company announces today that International Paper (NYSE: IP) has notified the Company of its intent to begin the process of reducing its ownership interest in Graphic Packaging International Partners, LLC (the "Partnership"). Per the agreement between the parties, Graphic Packaging will purchase approximately 15.1 million partnership units from International Paper for $250.0 million. As a result, International Paper's ownership interest in the Partnership will decrease from approximately 21.6% to 18.3%. The purchase will be funded with a draw on Graphic... More