Graphic Packaging Holding Company GPK will acquire a part of International Paper Company’s (IP) minority interest in Graphic Packaging International Partners, LLC (“GPIP”). The transaction has been valued at $250 million.
Based in Delaware, GPIP — a limited liability company — is a subsidiary of Graphic Packaging.
Graphic Packaging will purchase 17.4 million partnership units of GPIP from International Paper. This $250-million stake acquisition will enhance Graphic Packaging’s interest in the above-mentioned limited liability company by 4.4 percentage points to 85.5%.
