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Sat, Oct 22, 2016 15:43
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Mondi completes purchase of Graphic Packaging unit

ATLANTA -- Graphic Packaging Holding Company announced this week that it and its wholly-owned subsidiary Graphic Packaging International, Inc., have completed the sale of their Multi-wall Bag business to Mondi Group. 

The divested assets included 9 converting plants located throughout the United States and the Pine Bluff, Arkansas kraft paper mill. 

The Multi-Wall Bag plants and the kraft mill had trailing twelve month revenue of approximately $437 million and under the terms of the agreement, the enterprise value is $105 million and the sale would be an all cash transaction. 

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