date:Nov 19, 2012
US-based packaging provider Graphic Packaging has signed an agreement to acquire a UK-based packaging provider Contego Cartons.
Graphic Packaging will pay about 71m in cash and about 10m in the form of other net liablilties under this acquisition.
The acquisition is expected to generate $8-$10m of synergies over next two years and will increase earnings in first full year after integration, said the company.
Contego Cartons has three folding carton facilities of which two are located in the U