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Sussex-based Quad/Graphics Inc. plans to sell its Omaha packaging plant for $40 million to Atlanta-based Graphic Packaging International while also continuing investments in other packaging operations.
“The Omaha plant’s focus on high-volume, low-cost converting for folding cartons is a great fit with a vertically integrated supplier like Graphic Packaging, which operates both paperboard mills and converting facilities,” said Joel Quadracci, chairman, president and chief executive officer of Quad.
The Nebraska facility is around 400,000 square feet and the business generates around $75 million in annual revenue while consuming 40,000 tons of paperboard, according to a Graphic Packaging release.
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