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

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

Quad/Graphics (QUAD) to Sell Omaha Packaging Plant for $40 to Graphic Packaging (GPK)

January 28, 2020 7:46 AM EST

Quad/Graphics, Inc. (NYSE: QUAD), a leading marketing solutions partner, announced today that it has reached a definitive agreement to sell its Omaha packaging plant for $40 million to Graphic Packaging International (NYSE: GPK ) (Graphic Packaging), a leading provider of packaging solutions to food, beverage, foodservice, and other consumer products companies. The transaction is expected to close on or about January 31, 2020, and Quad will use proceeds from the sale to reduce debt.

The Omaha plants focus on high-volume,... 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

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

January 28, 2020 6:35 AM EST

Graphic Packaging (NYSE: GPK) reported Q4 EPS of $0.23, in-line with the analyst estimate of $0.23. Revenue for the quarter came in at $1.52 billion versus the consensus estimate of $1.58 billion.

Michael Doss, the Company's President and CEO said, "We are very pleased with our... More