Graphic Packaging Acquires Assets of Carded Graphics, LLC

Graphic Packaging International, Inc. has acquired the converting assets of Staunton, VA-based Carded Graphics, an award-winning printed folding carton producer with a strong regional position in the food, craft beer and other consumer product markets.
 
“The acquisition of Carded Graphics’ assets represents a continuation of our strategy to grow in key geographies and end markets,” said Michael Doss, Graphic Packaging’s president and COO. “The addition of this state-of-the-art converting facility increases our east coast presence allowing us to better service new and existing customers in that region, specifically the growing craft beer markets. We are also pleased to welcome Murry Pitts, president and CEO of Carded Graphics, and his outstanding leadership team to the Graphic Packaging team.”
 
The transaction will be funded with existing cash and borrowings from Graphic Packaging’s revolving line of credit.