MARIETTA, Ga., Feb. 22, 2011 /PRNewswire/ -- Graphic Packaging International, Inc. (GPI) a subsidiary of Graphic Packaging Holding Company (NYSE: GPK), recently announced plans to close its Jacksonville, Ark., multiwall bag facility. The Company will transition business and equipment from Jacksonville to other U.S. operating locations.
"As always, GPI deploys business to our most cost effective plants," said David Scheible, President and Chief Executive Officer. "We continually evaluate all of our business operations to ensure we are serving our markets as efficiently as possible. Simply put, this is a difficult business decision."
The Jacksonville multiwall bag facility will continue to operate and support customers while its business is transitioned to other Company facilities in the U.S. over the next several months. The Company has notified its Jacksonville employees, and will provide appropriate assistance to those affected.
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, which include statements regarding production shutdowns, facility closures and transition of business to other locations, 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 implement its business strategies, including productivity initiatives and cost reduction plans, and the impact of regulatory and litigation matters. 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 International, Inc.
Graphic Packaging International, Inc., a subsidiary of Graphic Packaging Holding Company (NYSE: GPK), headquartered in Marietta, Georgia, is a leading provider of paperboard 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-recycled boxboard and specialty bag 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.
SOURCE Graphic Packaging International, Inc.