Graphic Packaging extends footprint in Australia through Colorpak acquisition

Colorpak operates three folding carton facilities that convert approximately 38,000 tons of paperboard annually into folding cartons for the food, beverage and consumer product markets. The folding carton facilities are located in Melbourne and Sydney, Australia and Auckland, New Zealand. As well as folding cartons, Colorpak lists self-adhesive labels and flexibles amongst its range of products.

Graphic Packaging International is a wholly-owned subsidiary of Graphic Packaging Holding Company, and recently completed its previously announced acquisition of G-Box in Mexico. The deal for Colorpak is in line with its strategy in the US and Europe of growing its business in developed markets.

Michael Doss, Graphic Packaging president and CEO, said: ‘Similar to our strategy in the US and Europe, we are committed to growing our business in developed food and beverage end markets and optimizing our global supply chain. While Graphic Packaging currently has a well-established  presence in Australia, the acquisition of Colorpak and its three world class folding carton manufacturing facilities allows us to expand our proven integrated supply chain in the Australia and New Zealand food, beverage and consumer product markets.

‘This acquisition will broaden our customer base and offer current customers a wider range of products.’

The acquisition is subject to Colorpak shareholder approval, court and regulatory review, and standard closing requirements. Subject to those conditions, the transaction is expected to close in the second quarter of 2016.