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GRAHAM COMPANIES BUY ITALIAN PACKAGING COMPANY

 GRAHAM COMPANIES BUY ITALIAN PACKAGING COMPANY
 YORK, Pa., June 10 /PRNewswire/ -- The Graham Companies today


announced the acquisition of Pozzoli, S.l.r., the largest plastic blow molded container manufacturer in Italy.
 Terms of the cash transaction were not disclosed.
 Pozzoli, with two plants in northern Italy and one in southern Italy is a major supplier to leading consumer products companies in Europe. Beginning later this month, the company will operate as Graham Packaging Italy.
 Prior to the acquisition, Pozzoli had already had strong relations with customers Graham Packaging is serving worldwide. Those customers, including Lever Italy and Proctor and Gamble Europe, form a natural European base for Graham's expanding packaging interests.
 In addition, the purchase gives the Graham Companies the benefit of Pozzoli's clear bottle (PET) technology. The Graham Companies are expanding into PET bottles in the United States. At the same time, the Graham Companies will add its proprietary high speed blow molding equipment to Pozzoli's plants to enable it be better serve the expanding European market.
 The Graham Companies is a privately held group based in York.
 /delval/
 -0- 6/10/92
 /CONTACT: Patrick M. Early of Alliance Communications Group, 717-852-0322, for the Graham Companies/ CO: Graham Companies; Pozzoli, S.l.r. ST: Pennsylvania IN: SU: TNM


MK -- PH011 -- 8757 06/10/92 10:57 EDT
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Publication:PR Newswire
Date:Jun 10, 1992
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