M&A Deal Summary

Graphic Packaging Acquires Letica - FoodService Business

On August 28, 2018, Graphic Packaging acquired packaging company Letica - FoodService Business from Letica for 95M USD

Acquisition Highlights
  • This is Graphic Packaging’s 13th transaction in the Packaging sector.
  • This is Graphic Packaging’s 5th largest (disclosed) transaction.
  • This is Graphic Packaging’s 7th transaction in the United States.
  • This is Graphic Packaging’s 1st transaction in Michigan.

M&A Deal Summary
Date 2018-08-28
Target Letica - FoodService Business
Sector Packaging
Buyer(s) Graphic Packaging
Sellers(s) Letica
Deal Type Divestiture
Deal Value 95M USD

Target

Letica - FoodService Business

Rochester, Michigan, United States
Letica Corp. - FoodService Business is focused on the production of paperboard-based cold and hot cups and cartons for the growing foodservice market in North America. The company operates two world class foodservice converting facilities in Clarksville, Tennessee and Pittston, Pennsylvania.

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Buyer(S) 1

Buyer

Graphic Packaging

Atlanta, Georgia, United States
Category Company
Founded 2007
Sector Packaging
Employees23,500
Revenue 9.4B USD (2023)
DESCRIPTION
Entrance to Graphic Packaging's corporate headquarters in Atlanta, Georgia.
Entrance to Graphic Packaging's corporate headquarters in Atlanta, Georgia.

Graphic Packaging is a packaging company. Graphic Packaging produces a range of paperboard grades convertible into folding cartons that are used primarily to protect products, such as food, detergents, paper products, beverages, and health and beauty aids. Graphic Packaging was founded in 2007 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 13 of 16
Sector (Packaging) 13 of 16
Type (Divestiture) 5 of 6
State (Michigan) 1 of 1
Country (United States) 7 of 9
Year (2018) 1 of 1
Size (of disclosed) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-09 Seydaco Packaging

Mississauga, Ontario, Canada

Seydaco Packaging Corp. is a folding carton producer focused on the foodservice, food, personal care, and household goods markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-27 Greif - Consumer Packaging Group

Delaware, Ohio, United States

Greif, Inc. - Consumer Packaging Group consists of seven converting facilities that manufacture folding cartons for consumer packaged goods businesses.

Buy $85M

Seller(S) 1

SELLER

Letica

Rochester, Michigan, United States
Category Company
Founded 1968
Sector Plastics
DESCRIPTION

Letica Corp. is a North American manufacturer and distributor of rigid plastic packaging and foodservice products serving building and construction, foodservice, food, chemical and retail end markets. Letica operates a wide range of production processes, including injection moulding, thermoforming, paper forming and sheet extrusion, and has an in-house design centre with high-quality printing, decorating and labelling capabilities. Letica has built longstanding relationships with leading, blue-chip customers in a range of attractive and resilient end markets.

DEAL STATS #
Overall 1 of 1
Sector (Packaging) 1 of 1
Type (Divestiture) 1 of 1
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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