Featured Company News Graphic Packaging Acquires Spain-Based No - Erie News Now | WICU & WSEE in Erie, PA

Featured Company News Graphic Packaging Acquires Spain-Based Norgraft Packaging

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LONDON, UK / ACCESSWIRE / October 6, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Graphic Packaging Holding Co. (NYSE: GPK) (“Graphic”), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=GPK. The Company announced on October 04, 2017, the acquisition of Norgraft Packaging S.A. (“Norgraft”) through one of its wholly-owned subsidiaries. For immediate access to our complimentary reports, including today’s coverage, register for free now at:

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At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on GPK. Go directly to your stock of interest and access today’s free coverage at:

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On July 10, 2017, Graphic had also announced the completion of the acquisition of substantially all the assets of Carton Craft Corp. and its affiliate Lithocraft, Inc.

Norgraft is a primary carton producer and supplier in Spain with packaging for food and household goods market. It uses approximately 25,000 tons of paperboard per annum and operates two converting plants in Maliaño and Requejada in Cantabria, Spain. It reported a revenue in the vicinity of $40 million in the last twelve months. President and CEO of Norgraft expressed the positives of the deal as improvement in cost positions, increased customer service, integrating plant levels, and expanding the geographies.

Norgraft, by adopting best practices, provides packaging for the food industry, dairy sector, and others. It invests in cutting-edge technology in printing and die cutting, a strict control of its production processes, and a use of dyes and varnishes of low migration, as well as paperboard of highest quality – all this guarantying that the boxes are suitable for direct contact with food. For the tobacco, pharmacy, and household products, it has started stamping processes to add value to packaging boxes. It has also ensured Braille text printing to facilitate the safe use of products that require control of their consumption or usage.

Packaging Industry

As per a report by Ernst & Young, the global packaging industry is US$400 billion and US$500 billion after including the industrial end products. Brazil, Russia, India, and China (BRIC) comprise approximately 30% of the global demand increasing with further development. Main challenges include the macroeconomic environment in recent years, given pressures on consumer spending, and their exposure to fast-moving consumer good (FMCG) producers. Also, the combination of Eurozone economic uncertainty and raw material and energy price inflation has also had a negative impact on packaging producers.

About Graphic Packaging Holding Co.

Graphic is headquartered in Altlanta, Georgia, and is a leader in providing consumer packaging solutions for food, beverages, and other consumer products. Operating globally, it is one of the largest folding cartons in the United States and holds leading market positions in coated unbleached kraft paperboard and coated-recycled paperboard. The Company’s customers include many of the world’s most widely recognized companies and brands.

Last Close Stock Review

At the closing bell, on Thursday, October 05, 2017, Graphic Packaging’s stock slightly dropped 0.63%, ending the trading session at $14.16. A total volume of 3.25 million shares have exchanged hands, which was higher than the 3-month average volume of 3.17 million shares. The Company’s stock price advanced 1.94% in the last three months, 9.09% in the past six months, and 4.58% in the previous twelve months. Moreover, the stock rallied 13.46% since the start of the year. The stock is trading at a PE ratio of 26.08 and has a dividend yield of 2.12%. The stock currently has a market cap of $4.36 billion.

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