Graham Packaging Company Inc. Announces Completion of its Acquisition by Reynolds Group Holdings Limited

Sep 08, 2011, 15:03 ET from Graham Packaging Company Inc.

YORK, Pa., Sept. 8, 2011 /PRNewswire/ -- Graham Packaging Company Inc. ("Graham Packaging") announced that its acquisition by Reynolds Group Holdings Limited ("Reynolds") was completed on September 8, 2011.

About Graham Packaging

Graham Packaging is a leading U.S. supplier of plastic containers for hot-fill juice and juice drinks, sports drinks, drinkable yogurt and smoothies, nutritional supplements, wide-mouth food, dressings, condiments and beers; the leading global supplier of plastic containers for yogurt drinks; a leading supplier of plastic containers for liquid fabric care products, dish care products and hard-surface cleaners; and the leading supplier in the U.S., Canada and Brazil of one-quart/liter plastic motor oil containers.  

Forward Looking Statements

Information provided and statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Such forward-looking statements only speak as of the date of this press release, and Reynolds and Graham Packaging assume no obligation to update the information included in this press release. Such forward-looking statements include information concerning Reynolds' or Graham Packaging's possible or assumed future results of operations. These statements often include words such as "approximately," "believe," "expect," "anticipate," "intend," "plan," "estimate" or similar expressions and may include, but are not limited to, statements about the benefits of the proposed merger between Reynolds and Graham Packaging, including future financial and operating results, the combined company's plans, objectives, expectations and intentions and other statements that are not historical fact. These forward-looking statements are not historical facts, and are based on current expectations, estimates and projections about Reynolds' and Graham Packaging's industry, management's beliefs and certain assumptions made by management, many of which, by their nature, are inherently uncertain and beyond Reynolds' and Graham Packaging's control. Accordingly, readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict, including, without limitation, the possibility that the expected synergies and value creation from the merger will not be realized, or will not be realized within the expected time period; the risk that the businesses will not be integrated successfully; disruption from the merger making it more difficult to maintain business and operational relationships; the risk that unexpected costs will be incurred; changes in economic conditions, political conditions, trade protection measures, licensing requirements and tax matters in the foreign countries in which Reynolds and Graham Packaging do business; and Reynolds' and Graham Packaging's ability to accurately predict future market conditions. Additional factors that could cause results to differ materially from those described in the forward-looking statements can be found in Graham Packaging's 2010 Annual Report on Form 10-K and other filings with the SEC available at the SEC's website (http://www.sec.gov). Although Reynolds and Graham Packaging believe that the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. Unless otherwise required by law, Reynolds and Graham Packaging also disclaim any obligation to update their view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made in this press release.

Contact:
David Bullock
Chief Financial Officer
(717) 849-8500

SOURCE Graham Packaging Company Inc.



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http://www.grahampackaging.com