Graphic Packaging Holding completed the acquisition of Consumer Packaging Group business from Greif for $85m.

Graphic Packaging Holding, a provider of packaging solutions to food, beverage, foodservice, and other consumer products companies, completed the acquisition of Consumer Packaging Group business from Greif, a packaging and container services provider, for $85m. The transaction is expected to close in the first quarter of 2020, subject to standard closing conditions. Graphic Packaging will acquire seven converting facilities across the US. "We are excited to announce the acquisition of the Consumer Packaging Group business from Greif, Inc. The transaction further diversifies our end-markets and enhances our service capabilities to growing mid-sized consumer goods and food service customers," Mike Doss, Graphic Packaging President and CEO.