GPK Completes Acquisition of Benson Group
Graphic Packaging Holding, GPK, announced 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.
The Acquisition enhances Graphic Packaging's European platform by broadening its offerings in food and consumer products and extending the business into the store brand market.
The Combination creates a $ 700+ million business in Europe, and the acquisition complements Graphic Packaging's existing food and beverage business in Europe. The combined company is expected to generate $5-$7 million of synergies over the next 18 months, according to the Graphic Packaging.