Graham Buys Liquid Container


Graham Packaging Co. is acquiring Liquid Container L.P., which operates 14 U.S. blow-molded plastic container plants, for $568 million.

Graham announced Monday that its subsidiary, Graham Packaging Acquisition Corp., agreed to purchased West Chicago, Ill.-based Liquid Container. While Liquid Container is a supplier of blow-molded motor oil bottles to the lubricants and automotive chemicals industries, close to 80 percent of its unit sales go to customers in the food industry.

Graham, headquartered in York, Pa., is a leading supplier of plastic containers to the lubricants industry. Its lube industry customers include Castrol, Chevron, Valvoline, Shell, 76 Lubricants, Petrobras and Petro-Canada.

In addition to its high quality presence in the food business, Liquid Container brings technology and know-how to Graham that we believe can be applied across our existing multinational footprint, said Mark Burgess, CEO of Graham.

Graham expects to fund its acquisition of Liquid Container with 100-percent debt, and expects to close the transaction in 2010.

Related Topics

Market Topics