Graphic Packaging Holding Company has completed the previously announced acquisition of the business of UK-based Benson Group.
“The strong presence of Benson Group in the store brand market complements Graphic Packaging’s existing strengths in the consumer and beverage markets. I know that together we will set new industry standards for quality, customer service and innovation,” said David Scheible, Graphic Packaging’s chairman, president and CEO.
The combination of Benson Group and Graphic Packaging’s existing European businesses is expected to greatly enhance Graphic Packaging’s folding carton business in Europe, with sales in excess of US$700 million.
“This combination allows us to broaden our customer base and to offer our current global customers a wider range of new products and services,” said Scheible.
“Like our strategy in the US, we are committed to growing our European business around food and beverage end markets and optimizing our supply chain footprint around our customers’ needs.”
Benson Group brings more than 200 customers and approximately 940 employees to Graphic Packaging, and operates four folding carton facilities in the UK that convert approximately 80,000 tons of paperboard annually.