Graphic Packaging Holding Company Agrees to Acquire A&R Carton's Beer and Beverage Packaging Business Building on European Packaging Strategy

Graphic Packaging Holding Company Agrees to Acquire A&R Carton's Beer and Beverage Packaging Business Building on European Packaging Strategy PR Newswire MARIETTA, Georgia, Nov. 28, 2012 MARIETTA, Georgia, Nov. 28, 2012 /PRNewswire/ -- Highlights Acquisition of A&R Carton's Beer and Beverage Packaging business expands Graphic's position in the European beverage packaging market Complements recently announced acquisition of Contego Cartons to form one of Europe's largest folding carton packaging businesses The combination of Graphic Packaging, Contego and A&R will create a $500 million business in Europe The acquisition of A&R and Contego provides state of the art web and sheet-fed converting assets creating a manufacturing platform in Europe similar to Graphic Packaging U.S. operations Both acquisitions provide opportunities for Graphic Packaging to further integrate its SUS® paperboard Combined business expected to generate $16-$18 million of synergies over next two years and be accretive to earnings in first full year after integration Graphic Packaging Holding Company (NYSE: GPK), a leading provider of packaging solutions to food, beverage and other consumer products companies, today announced an agreement for one of its subsidiaries to acquire A&R Carton's Beer and Beverage packaging business in Europe.