Contego Packaging Completes Sale of Food Cartons Business to Graphic Packaging

Contego Packaging Group has finalised details of the sale of its food and beverage Cartons business to Graphic Packaging Holding Company.

The acquisition, which has now been approved by the Office of Fair Trading (OFT), was concluded on 24th December 2012.

The food and beverage Cartons business in the UK, the Netherlands and Ireland involves Contego Packaging Group’s sites at Leeds, Gillingham, Hoogerheide, and Portlaoise.

The ownership and growth strategy of the Healthcare business of the Contego Packaging Group remains unchanged and continues to be expansion through organic and acquisitive growth.

Graphic Packaging (NYSE: GPK) is a leading company in the design and manufacturing of packaging with a particular focus on food and beverage packaging. With a turnover of $4 billion, the Group has seven paperboard mills, 44 converting plants, three machinery facilities, and 15,000 employees worldwide. Graphic Packaging has locations in Australia, Brazil, Canada, China, England, France, Germany, Japan, Mexico, Spain, and the US.