OAKLAND, CA, May 23, 2014 (PPI Pulp & Paper Week) -Longtime, key shareholders of Graphic Packaging -- Texas Pacific Group (TPG) and the Coors family -- sold their remaining combined 13.35% stake in the company in a $455.6 million trade to Goldman Sachs toward a secondary offering of 43.65 million shares that was commenced May 19.Read more
Goldman, Sachs & Co. is acting as the sole book running manager for the offering.Read more
Starting the year "firing on all cylinders,"Graphic Packaging(GPK) CEO David Scheible said every key operating metric was trending positively as the quarter began.Read more
OAKLAND, CA, May 2, 2014 (PPI Pulp & Paper Week) -Pactiv plans on spending $52 million for establishing a new food packaging and food service manufacturing/distribution facility in Salt Lake County, UT, according to a press release from the state last month.
A company spokesperson said planning for the project is still underway and could not detail yet on specific paper or plastic products that will be made at the new plant.Read more