Printer Friendly

GRAHAM COMPANIES BUY FRENCH PACKAGING COMPANY

 YORK, Pa., May 3 /PRNewswire/ -- The Graham Companies announced today that Graham Packaging Europe has entered into an agreement to purchase Seprosy, one of France's largest producers of custom plastic blow molded containers.
 Terms of the transaction, which is subject to all necessary approvals, including that of the French government, were not disclosed.
 Seprosy, which posted sales of $70 million (U.S.) last year, was formerly a division of BSN. BSN is a $13.5 billion (U.S.) French food processing group which owns a number of familiar brands including Evian, Kronenbourg and Dannon yogurt.
 Seprosy serves major customers such as Bayer, BSN, Ciba Geigy, Henkel, Hoechst, L'Oreal, Procter & Gamble, Rhone Poulenc and Unilever from its three plants in France. Two of Seprosy's plants are in the Lyon area of France at Lagnieu and Blyes. The third is located in Northern France at Assevent.
 The acquisition of Seprosy is part of Graham's global expansion strategy, according to Jean Rubie, president of Graham Packaging Europe, and will help Graham expand its services to customers in Europe.
 The purchase comes on the heels of a packaging joint venture in Brazil, last year's purchase of Italy's largest custom plastic bottle- maker and the purchase earlier this month of Plax, Canada's largest custom plastic bottle manufacturer.
 The Seprosy acquisition will further enhance Graham's position as the world's leading extrusion blow molding company, establish Graham as one of Europe's leading blow molding concerns and provide Graham with an entrance into the thermoforminb?usiness.
 "We serve a number of global consumer packaged goods companies who have operations all over the world," Rubie said. "They are beginning to consolidate some of their production into larger, centralized production plants and they want packaging suppliers who can grow with them."
 Seprosy also has strong relationships with some of Graham's worldwide customers, Rubie said, and makes high density polyethylene (HDPE) containers like most of Graham's plants. In addition, Seprosy is well known as a supplier to the food industry -- an area which the Graham Companies have targeted for expansion.
 The company also produces containers made of PET plastic and has a strong position in the thermoform tray and cup business. Thermoforming is used for applications such as yogurt cups which the company will continue to supply for the Dannon brand owned by its former parent.
 The former Seprosy plants will now also have access to Graham's proprietary high speed blow molding equipment. The acquisition will also help Graham spread the use of recycled plastic in Europe.
 In North America, Graham Packaging Company is already the world's largest user of recycled HDPE producing over 1.5 billion bottles containing recycled material annually. In addition, Graham Recycling Company recycles more than 45 million pounds of used bottles per year in its York, Pa., facility. Rubie sees these efforts expanding into Europe.
 "There is an increasing demand from European consumers for products and packages made from recycled materials," Rubie said. "With the aid of Graham's expertise in recycling, Seprosy is poised to emerge as one of the leading users of recycled material in France."
 The Graham Companies are a privately held group based in York, with worldwide interests in the packaging business. The Graham Companies include Graham Packaging, the world's largest manufacturer of HDPE plastic bottles; Graham Packaging Europe headquartered in Brussels, Belgium; Graham Recycling, the world's largest recycler of HDPE for reuse in packaging and Graham Engineering, which manufactures plastic bottle-making and recycling equipment. With the Seprosy acquisition, Graham operates 40 packaging and machinery manufacturing facilities in North America, Europe and Latin America.
 /delval/
 -0- 5/3/93
 /CONTACT: Patrick M. Early of Alliance Communications Group, 717-852-0322/


CO: The Graham Companies ST: Pennsylvania IN: SU: TNM

LJ -- PH005 -- 3567 05/03/93 08:35 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:May 3, 1993
Words:623
Previous Article:INTELLIGENT ELECTRONICS TO REPURCHASE STOCK AND PAY SPECIAL DIVIDEND
Next Article:VITAMED SPONSORS AIDS-LYMPHOMA DRUG RESEARCH AT UNIVERSITY OF WASHINGTON
Topics:


Related Articles
GRAHAM COMPANIES BUY ITALIAN PACKAGING COMPANY
GRAHAM EXPANDS LEAD IN BOTTLES-TO-BOTTLES RECYCLING; PLASTIC RECYCLING PLANT DOUBLES OUTPUT
GRAHAM PACKAGING COMPANY BUYS CANADIAN BOTTLE-MAKER
LEADING PLASTIC BOTTLE RECYCLER ANNOUNCES MAJOR EXPANSION
Graham Packaging Files Registration Statement for Initial Public Offering.
Graham Packaging Helps Signature Fruit Claim Innovative Advantage in Canned Fruit Market.
Boxes GH, the specialist FMCG cartons division of the Boxes Group is further extending its business reach to national manufacturers of food products...
Graham Packaging Names Warren D. Knowlton as Chief Executive Officer; Philip R. Yates to Remain Chairman.
Graham Packaging Names Mark S. Burgess Chief Executive Officer; Warren D. Knowlton to Become Executive Chairman.
Graham Packaging names Mark Burgess as new CEO.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters