Quad/Graphics (QUAD) to Sell Omaha Packaging Plant for $40 to Graphic Packaging (GPK)
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Quad to Sell Omaha Packaging Plant; Sharpens Focus on Packaging Solutions That Support Growth Strategy
January 28, 2020 7:45 AM ESTSUSSEX, Wis.--(BUSINESS WIRE)-- Quad/Graphics, Inc. (NYSE: QUAD) (Quad or the Company), a leading marketing solutions partner, announced today that it has reached a definitive agreement to sell its Omaha packaging plant for $40 million to Graphic Packaging International (NYSE: GPK ) (Graphic Packaging), a leading provider of packaging solutions to food, beverage, foodservice, and other consumer products companies. The transaction is expected to close on or about January 31, 2020, and Quad will use proceeds from the sale to reduce debt.
The Omaha plants focus on high-volume, low-cost converting for folding cartons is a... More
