Lloyds' PE Arm Unloads Carton Supplier In $165M Deal

Law360, New York (February 19, 2014, 4:16 PM EST) -- Graphic Packaging International will gobble up U.K. folding carton supplier Benson Group from Lloyds Banking Group PLC’s private equity arm in a deal worth $165 million, allowing the packaging company to strengthen its role in Europe’s food and health care markets, according to a Wednesday announcement.

The deal lands U.S.-based Graphic Packaging all four of the Benson Group’s folding carton facilities in the U.K., which convert about 80,000 tons of paperboard annually, according to a statement. Once combined with its current operations, Graphic Packaging said annual...
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