Graphic Packaging Closes Jonquiere, Quebec Paperboard Mill
Jul 13, 2015, 04:15 ET
ATLANTA, July 13, 2015 /PRNewswire/ -- Graphic Packaging International Canada, ULC, a subsidiary of Graphic Packaging Holding Company (NYSE: GPK) announced that it closed its thermo mechanical paperboard mill in Jonquiere, Quebec effective today. This decision was made as a result of a thorough assessment of the facility's manufacturing capabilities, associated costs and market demand for its products. The closure will affect approximately 140 employees.
"The closing of the Jonquiere facility was a difficult decision. We are working closely with the affected employees to provide support and assistance," said Mike Doss, President and Chief Operating Officer.
The company anticipates one-time costs of $4-5 million in the second half of 2015 related to this closure.
About Graphic Packaging Holding Company
Graphic Packaging Holding Company (NYSE: GPK), headquartered in Atlanta, Georgia, is a leading provider of 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-unbleached kraft, coated-recycled boxboard and specialty 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 Holding Company