A subsidiary of Graphic Packaging has completed the acquisition of Spanish carton manufacturer Norgraft Packaging for an undisclosed sum.
Norgraft, which aims at food and household goods markets, operates two converting plants in Maliaño and Requejada, and converts around 25000 tons of paperboard each year.
Graphic Packaging president and CEO Michael Doss said: "The announced transaction is consistent with our strategy to pursue acquisitions that allow us to grow our folding carton volume in attractive geographies and end-markets, improve our cost position, service our customers with excellence, and increase our mill to converting plant integration levels over time.”
Established in 1998, Norgraft Packaging has a workforce of over 200 and specializes in cardboard packaging.
The firm also has pollution risks prevention system that ensures environment and occupational health and safety by manufacturing products under controlled hygienic conditions.
With a workforce of over 10000, Graphic Packaging offers packaging solutions to food, beverage and other consumer products companies.
The firm specializes in folding cartons, paperboard, packaging machinery, package design and recycled paperboard.
In May 2016, Graphic Packaging has acquired Australian folding carton supplier Colorpak, which converts around 38,000 tons of paperboard into folding cartons annually though three facilities in Melbourne and Sydney in Australia, and Auckland, New Zealand.
Graphic Packaging’s subsidiary Graphic Packaging International has purchased the converting assets of Carded Graphics, a Staunton-based provider of packaging solution to the food, craft beer and other consumer product markets, in October 2015.
