Graham Packaging poised to break into China
Graham Packaging Company Inc said it is poised to break into the China after signing an agreement to acquire a Chinese firm.
The US outfit said it expects to buy China Roots Packaging PTE Ltd., a plastic container manufacturing company located in the Chinese city of Guangzhou, from PCCS Group Berhad of Malaysia.
The plant makes plastic containers and closures for food, health care, and petrochemical products. Its customers include several global consumer product marketers, said Graham Packaging.
"The purchase will open a new door for our company," said company CEO Mark Burgess. "China is undeniably a major market and the opportunity to participate in its growth is very exciting for us."
