ACX Technologies' Graphic Packaging Corp. Acquires Filpac

Graphic Packaging Corp., a primary business of ACX Technologies, Inc., has acquired the assets and business of Filpac, Inc., a flexible packaging company located in Montreal, Canada, for an undisclosed cash amount. Filpac, with annual revenues of approximately C$20 million, specializes in packaging for the snack food industry.

Jeff Coors, president and CEO of Graphic Packaging Corp. explained that, "The acquisition of Filpac will add needed capacity for our growing flexible business in Canada. Filpac's location in Montreal, combined with Graphic Packaging's current plants in Vancouver, Winnipeg and Toronto, provides coast-to-coast coverage across Canada." He added, "We believe that the addition of Filpac will allow us to expand our capabilities."

ACX Technologies, Inc., through its two primary businesses, applies innovative technology to manufacture value-added industrial products. Graphic Packaging Corp. is a specialty packaging manufacturer that produces high-performance folding cartons and flexible packaging. Coors Ceramics Co. provides enabling technology through advanced technical ceramics and other engineered materials.