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Graphic Packaging Holding Company Combines Its Multi-Wall Bag and Specialty Plastics Packaging Businesses with Delta Natural Kraft, LLC and Mid-America Packaging, LLC
Graphic Packaging Holding Company, a leading provider of packaging solutions to food, beverage and other consumer products companies, has announced the combination of its multi-wall bag and specialty plastics packaging businesses with the kraft paper and multi-wall bag businesses of Delta Natural Kraft, LLC (DNK) and Mid-America Packaging, LLC (MAP), both wholly owned subsidiaries of Capital Five Investments, LLC (CVI).
Graphic Packaging Holding Company, a leading provider of packaging solutions to food, beverage and other consumer products companies, has announced the combination of its multi-wall bag and specialty plastics packaging businesses with the kraft paper and multi-wall bag businesses of Delta Natural Kraft, LLC (DNK) and Mid-America Packaging, LLC (MAP), both wholly owned subsidiaries of Capital Five Investments, LLC (CVI).
- Combination creates North America's only vertically integrated multi-wall bag business
- Graphic Packaging owns 87% of combined business and will consolidate its results
- Newly added companies recorded trailing annual revenues of approximately $150 million
- Transaction does not impact Graphic Packaging's net leverage ratio
- Combination expected to yield $20-25 million in synergy opportunities and be accretive to earnings per share by 2013







