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Archive for May, 2014|Monthly archive page

Graphic Packaging Completes Acquisition of Benson Group

In Packaging on May 28, 2014 at 9:28 am

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Graphic Packaging Holding Company (NYSE: GPK), a leading provider of packaging solutions to food, beverage and other consumer products companies, today announced that that it has completed the previously announced acquisition of the business of Benson Group, a leading food and healthcare packaging company based in the United Kingdom.

“We are pleased to welcome the Benson customers and employees into Graphic Packaging,” said David Scheible, Graphic Packaging’s Chairman, President and CEO. “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,” adds Scheible.

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 $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. Like our strategy in the United States, we are committed to growing our European business around food and beverage end markets and optimising our supply chain footprint around our customers’ needs,” added Scheible.

Benson Group brings more than 200 customers and approximately 940 employees to Graphic Packaging, and operates four folding carton facilities in the United Kingdom that convert approximately 80,000 tons of paperboard annually.

Forward Looking Statements

Any statements of the Company’s expectations in this press release constitute “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Such statements, including but not limited to those regarding the effect of the acquisition on the Company’s competitive position, expected synergies and earnings, are based on currently available information and are subject to various risks and uncertainties that could cause actual results to differ materially from the Company’s present expectations.  These risks and uncertainties include, but are not limited to, the Company’s ability to successfully integrate the acquisition and achieve synergies, inflation of and volatility in raw material and energy costs, cutbacks in consumer spending that could affect demand for the Company’s products or actions taken by our customers in response to the difficult economic environment, continuing pressure for lower cost products, the Company’s ability to implement its business strategies, including productivity initiatives and cost reduction plans, currency movements and other risks of conducting business internationally, volatility in the credit and securities markets and the impact of regulatory and litigation matters, including the continued availability of the Company’s net operating loss offset to taxable income, and those that impact the Company’s ability to protect and use its intellectual property.  Undue reliance should not be placed on such forward-looking statements, as such statements speak only as of the date on which they are made and the Company undertakes no obligation to update such statements.  Additional information regarding these and other risks is contained in the Company’s periodic filings with the SEC.

About Graphic Packaging Holding Company

Graphic Packaging Holding Company (NYSE:GPK), headquartered in Atlanta, Georgia, is a leading provider of packaging solutions for a wide variety of products to food, beverage and other consumer products companies.  The Company is one of the largest producers of folding cartons and holds a leading market position in coated-unbleached kraft, coated-recycled boxboard multi-wall bag and specialty packaging. The Company’s customers include some of the most widely recognized companies in the world. Additional information about Graphic Packaging, its business and its products, is available on the Company’s web site at www.graphicpkg.com.

ENDS

Radio 4’s In Business: Packaging in a Pickle

In Packaging on May 20, 2014 at 3:22 pm

Leading UK packaging specialist Benson Group will feature in the Thursday May 22 edition of “In Business”, airing on BBC Radio 4 at 20:30, repeated on Sunday evening at 21:30, and available on the BBC iPlayer after that date.

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The synopsis for this week’s edition, entitled “Packaging in a Pickle” is: “Modern living generates ever increasing amounts of packaging to wrap up the things we purchase and that generates widespread criticism of the packaging industry. But packaging companies are trying to innovate to respond to both environmental and marketing needs. Peter Day investigates what is wrapped around the products we all buy.”

Programme presenter Peter Day and producer Sandra Kanthal visited Benson Group’s Bardon factory and headquarters last week to conduct interviews with the team, discussing the history of the business, the changing world of the carton industry, and how Benson Group approach innovation differently to many other packaging companies.

About Benson Group

Benson Group is one of the UK’s leading printed folding carton suppliers, producing packaging product for both the food retail and healthcare industries for a wide range of UK and European customers.

The business manufactures packaging product at four production sites covering in excess of 400,000 sq ft. Benson Group continues to grow and expects to achieve annual sales for the current financial year in excess of £120 million. Food and beverage processors are the main customers at Bardon and for the company’s two North East facilities in Newcastle and Gateshead. The fourth site in Crewe serves healthcare and consumer care markets.

Benson Group creates packaging for many well-known companies, brands and retailers. Key account clients across the Group include Two Sisters Food Group, Reckitt Benckiser, Greencore, and Samworth Brothers. The company is an approved supplier for all of the UK’s leading retail chains. Food and healthcare packaging is exported to customers in countries throughout Europe.

For further information on the Benson Group visit the www.bensongroup.co.uk web site.

ENDS

manroland Ireland Signs with Friedheim

In Finishing on May 8, 2014 at 11:17 am

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manroland Ireland and Friedheim International have announced final details of an agreement brokered at Ipex 2014 regarding representation of the Friedheim stable of post-press products in the Republic of Ireland.

Friedheim International based in Hemel Hempstead, is a leading finishing equipment supplier in the UK and Ireland. The company has the exclusive agency for over twenty leading equipment manufacturers. Dublin-based manroland Ireland manages the sale and support for both manroland sheetfed and web offset presses throughout Ireland.

Commenting on the appointment, Mark Bristow, Managing Director of Friedheim International (above, right), said: “The agreement we have signed with manroland Ireland allows us to have a more solid sales representation in Ireland. It means that we will have a sales resource on the ground each and every working day, and if we need to further expand our agreement to cover technical service on specific products, we can and will do so as the need arises.”

Friedheim International had traditionally covered the territory with sales representatives visiting from the UK, along with a Scottish representative taking the main responsibility to generate sales leads. “We have known Martin Lockley and his colleagues for some time: we meet relatively frequently as they already represent Wohlenberg in Ireland. We know they are a competent and knowledgeable team who understand print in all of its many forms. The agreement that we have reached means that the manroland Ireland team will be in a position to proactively seek potential sales for our wide range of finishing products with both our existing customers and with new sites,” added Mark Bristow.

Martin Lockley, Managing Director of manroland Ireland (above, left), said: “The range of finishing equipment represented by Friedheim really is second to none. We are very pleased to have concluded on this agreement which will be beneficial to both our companies. We firmly believe that customers will benefit from the local presence and support services that will be offered by manroland Ireland. The agreement that we have signed means that our sales personnel have access to this significant portfolio of Friedheim International post-press products, which in turn means that we have something to offer almost any print related business in Ireland. Our first task is to provide training for our team with regard to the capabilities of each piece of equipment, and plans are already in place to accomplish this in the very near future. We see this opportunity as being the beginning of a successful long-term relationship between our two companies.”

About manroland Ireland

Dublin-based manroland Ireland offers cutting edge printing solutions to bring shorter make-ready times and greater efficiencies to print and communications companies throughout the island of Ireland. The company has a strong technical service team and works with a “can do” attitude in providing the widest possible range of solutions to its customers.

About Friedheim International

Friedheim International is the only company in the UK and Ireland solely dedicated to providing a full range of finishing solutions designed to meet the exacting requirements of leading printing companies. Covering the market sectors of conventional, digital printing, converting, and packaging, Friedheim has gathered together from throughout Europe a range of quality post-press equipment to cater for the huge range of applications that printing presents.

ENDS

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