Graham Packaging Buys China Roots Packaging
Graham Packaging Company Inc. of York, PA, has announced that on July 1, 2010, its subsidiary, Graham Packaging Company, L.P., acquired China Roots Packaging PTE Ltd.
Purchased from PCCS Group Berhad, a Malaysian company, China Roots is a plastic container manufacturing company located in Guangzhou, China.
China Roots operates a world-class container manufacturing plant in the Guangzhou Economic and Technological Development District. The plant makes plastic containers and closures for food, health care, personal care and petrochemical products. Its customers include several global consumer product marketers. China Roots’ 2009 sales were approximately RMB 111 million (~ Cdn $17.4-million).
The purchase of China Roots is the first operation for Graham Packaging in China. "The acquisition of China Roots opens up a significant new market opportunity for Graham Packaging," says Mark Burgess, chief executive officer. "We are excited about taking a major step forward in our pursuit of global growth and serving our multinational customers in this important market."
Graham Packaging is a leading U.S. supplier of plastic containers for hot-fill juice and juice drinks, sports drinks, drinkable yogurt and smoothies, nutritional supplements, wide-mouth food, dressings, condiments and beers; the leading global supplier of plastic containers for yogurt drinks; a leading supplier of plastic containers for liquid fabric care products, dish care products and hard-surface cleaners; and the leading supplier in the U.S., Canada and Brazil of one-quart/liter plastic motor oil containers.
For more information, visit www.grahampackaging.com.