![]() The Company is a leading provider of paper-based packaging solutions for a wide variety of products to food, beverage, foodservice, and other consumer products companies. Graphic Packaging International (NYSE: GPK), headquartered in Atlanta, Georgia, is committed to providing consumer packaging that makes a world of difference. To find out more about the benefits of the PaperSeal tray range, please visit About Graphic Packaging International The UK company, which has been supplying retailers, wholesalers and foodservice providers with quality beef for over 60 years, has partnered with Graphic Packaging to reduce environmental impact by delivering sustainable processes throughout the supply chain. Leading European food processor ABP Food Group was one of the primary drivers behind the project. Mondini, world leaders in tray sealing technology, PaperSeal has an innovative design that delivers significant line efficiencies for high-volume packaging and can be stacked flat for logistics and inventory, further reducing the carbon footprint of the supply chain. PaperSeal provides up to 28 days of shelf life depending on the application.ĭeveloped in conjunction with G. ![]() The hermetically-sealed tray is suitable for a wide range of applications including cheese, fresh or processed meat, ready-made products, frozen foods, snacks, salad and fruit. PaperSeal offers a unique reinforced flange design that generates a robust and consistent sealing surface, ensuring seal integrity equal to traditional plastic trays. The paperboard is produced from renewable fiber sourced from sustainably-managed forests, and the tray is designed for the film liner to be easily separated from the paperboard after use, such that the paperboard portion of the tray can be recycled, contributing to a circular economy. The new PaperSeal tray solution utilizes 80-90% paperboard and 10-20% film, depending on tray dimensions. Paul Tye, business development director, Graphic Packaging Europe said, “The transition to fiber-based packaging is a priority for many of our customers, and it’s clear that sustainable paperboard packaging solutions must meet the functionality and performance of existing tray designs.” The development of the innovative PaperSeal food tray solution aligns with the Company’s Vision 2025, leveraging its industry-leading sustainability profile to expand and improve packaging solutions for customers while reducing the impact on the environment. The partnership was mutually beneficial and provided returns for both companies.(Atlanta, GA, February 25, 2020) Graphic Packaging International (NYSE: GPK) (the “Company”) announced today the launch of a new line of PaperSeal® trays, offering brands and retailers the opportunity to replace Modified Atmosphere (MAP) and Vacuum Skin Packaging (VSP) plastic trays with a new barrier-lined paperboard alternative. “I want to thank Mark Sutton, chairman and CEO, and the entire International Paper team for their contributions in building a platform to service and grow with new customers in attractive markets. Over the last year, International Paper has reduced its interest in the partnership company, with Graphic Packaging upping its ownership stake to 82.5% following two transactions, each at $250 million.ĭoss added: “The highly integrated model we have built enables us to serve a broad set of global customers with new and innovative packaging solutions, positioning us to achieve the ambitious growth and return goals established in Vision 2025. Graphic Packaging formed the $6 billion mergerwith International Paper’s North America consumer packaging business back in January 2018 which saw it own 79.5% of the partnership and become the sole manager, while International Paper held a 20.5% stake. ![]() ![]() “The partnership with International Paper played an important role as we established our leadership position in fibre-based consumer packaging across all three paperboard substrates,” said Michael Doss, Graphic Packaging president and CEO. ![]() The deal – which sees Graphic Packaging now own 100% of the merger – concludes the company’s partnership with International Paper.Īs part of the final transaction, Graphic Packaging exchanged shares of common stock for International Paper’s remaining minority partnership interest of over 22 million membership units. Graphic Packaging has acquired the remaining shares that International Paper held in the companies’ packaging merger, completing its takeover of Graphic Packaging International Partners. ![]()
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