SURREY, UK , Nov. 16, 2012 (Press Release) -
Contego Packaging announced today that it has signed a definitive agreement to sell its food and beverage Cartons business to Graphic Packaging Holding Company. The Cartons business includes operations in the UK, the Netherlands and Ireland with sites in Leeds, Gillingham, Hoogerheide and Portlaiose.
The ownership and growth strategy of the Healthcare business of the Contego Packaging Group remains unchanged and continues to remain focused on expansion through organic and acquisitive growth by building on the significant investments that have been made over the past 18 months. During this period, two new factories have been built and major investments made in state-of-the-art printing and folding technology at its ten sites across Europe. "The sale of the Cartons business will allow us to focus even more intensively on growth in the pharmaceutical and healthcare sectors," said Tom Reid, Contego Packaging CEO.
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