GP+LC=True

Graham Packaging is to acquire Liquid Packaging. Seems to be a great fit and a bolt on for Graham. Liquid Container operates 14 blow-molded plastic container plants in the US, serving food and household product categories. In the same area Graham Packaging runs 56 plants. LC will bring in some technology know-how and some new customers, all good.

Consumer packaging is still a highly fragmented industry where the 10 largest producers only represent less than 15% of the market. This is in the process of change.