Business Re-structuring: Graphic Packaging To Shutter Plant
June 21, 2010 (FinancialWire) — Graphic Packaging International, Inc., a subsidiary of Graphic Packaging Holding Co. (NYSE: GPK), said that it plans to close its Golden, Colorado, plant.
The company said it will transition business and equipment from Golden to other U.S. operating locations.
Graphic added that the closure of the Golden facility reflects the company's ongoing efforts to align its manufacturing footprint to the changing needs of its beverage customers and improve its cost structure and margins to better position it for future growth.
Georgia-based Graphic Packaging International is a provider of paperboard packaging solutions for a range of products to food, beverage and other consumer products companies.
The company is a producer of folding cartons and coated-recycled boxboard and specialty bag packaging.
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