May 12, 2009 (FinancialWire) — Graphic Packaging Holding Co.’s (NYSE: GPK) operating unit said it has closed on the sale of its Salt Lake City, Utah, multi-wall bagging equipment business.

The facility specializes in the production of multi-wall bagging equipment, which Graphic said is non-core to its strategy.

Company CEO David W. Scheible said the divestiture is “in keeping with Graphic Packaging’s stated objective of optimizing its production assets following the combination with Altivity Packaging.”

Marietta, Georgia-based Graphic Packaging is a provider of packaging solutions for a range of products to food, beverage and other consumer products companies. The company is a producer of folding cartons and holds market positions in coated-recycled boxboard and specialty bag packaging.

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