Packaging agrees to purchase China Roots Packaging
Graham Packaging Company, L.P., expects to
acquire China Roots Packaging PTE Ltd., a plastic container manufacturing
company located in Guangzhou, China.
Graham Packaging has signed a share purchase agreement to acquire
from PCCS Group Berhad 100 percent of the shares of Roots Investment
Holding Private Limited, which will be the sole equity holder
of China Roots.
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 and petrochemical products. Its customers include several
global consumer product marketers.
The purchase of China Roots will be the first operation for Graham
Packaging in China.