Contego Offloads Carton Business to Graphic Packaging
December 31, 2012
Contego Packaging Group, a Platinum Equity portfolio company, has completed the sale of its Contego Cartons business to Graphic Packaging (NYSE: GPK) for £81 million ($130.8 million). Moorgate Capital advised on the transaction. Contego Packaging had been a two-pronged packaging solution provider, with one division focused on solutions for the healthcare industry and another, broader carton division serving the food and beverage, household products and pet food industries. Platinum Equity acquired the parent company through a March 2011 buyout.