YORK, Pa., Sept. 8, 2011 /PRNewswire/ -- Graham Packaging
Company Inc. ("Graham Packaging") announced that its acquisition by
Reynolds Group Holdings Limited ("Reynolds") was completed on
September 8, 2011.
About Graham Packaging
Graham Packaging is a leading U.S. supplier of plastic
containers for hot-fill juice and juice drinks, sports drinks,
drinkable yogurt and smoothies, nutritional supplements, wide-mouth
food, dressings, condiments and beers; the leading global supplier
of plastic containers for yogurt drinks; a leading supplier of
plastic containers for liquid fabric care products, dish care
products and hard-surface cleaners; and the leading supplier in the
U.S., Canada and Brazil of one-quart/liter plastic motor oil
containers.
Forward Looking Statements
Information provided and statements contained in this press
release that are not purely historical are forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, Section 21E of the Securities Exchange Act of 1934 and the
Private Securities Litigation Reform Act of 1995. Such
forward-looking statements only speak as of the date of this press
release, and Reynolds and Graham Packaging assume no obligation to
update the information included in this press release. Such
forward-looking statements include information concerning Reynolds'
or Graham Packaging's possible or assumed future results of
operations. These statements often include words such as
"approximately," "believe," "expect," "anticipate," "intend,"
"plan," "estimate" or similar expressions and may include, but are
not limited to, statements about the benefits of the proposed
merger between Reynolds and Graham Packaging, including future
financial and operating results, the combined company's plans,
objectives, expectations and intentions and other statements that
are not historical fact. These forward-looking statements are not
historical facts, and are based on current expectations, estimates
and projections about Reynolds' and Graham Packaging's industry,
management's beliefs and certain assumptions made by management,
many of which, by their nature, are inherently uncertain and beyond
Reynolds' and Graham Packaging's control. Accordingly, readers are
cautioned that any such forward-looking statements are not
guarantees of future performance and are subject to certain risks,
uncertainties and assumptions that are difficult to predict,
including, without limitation, the possibility that the expected
synergies and value creation from the merger will not be realized,
or will not be realized within the expected time period; the risk
that the businesses will not be integrated successfully; disruption
from the merger making it more difficult to maintain business and
operational relationships; the risk that unexpected costs will be
incurred; changes in economic conditions, political conditions,
trade protection measures, licensing requirements and tax matters
in the foreign countries in which Reynolds and Graham Packaging do
business; and Reynolds' and Graham Packaging's ability to
accurately predict future market conditions. Additional factors
that could cause results to differ materially from those described
in the forward-looking statements can be found in Graham
Packaging's 2010 Annual Report on Form 10-K and other filings with
the SEC available at the SEC's website (http://www.sec.gov).
Although Reynolds and Graham Packaging believe that the
expectations reflected in such forward-looking statements are
reasonable as of the date made, expectations may prove to have been
materially different from the results expressed or implied by such
forward-looking statements. Unless otherwise required by law,
Reynolds and Graham Packaging also disclaim any obligation to
update their view of any such risks or uncertainties or to announce
publicly the result of any revisions to the forward-looking
statements made in this press release.
Contact:
David Bullock
Chief Financial Officer
(717) 849-8500
SOURCE Graham Packaging Company Inc.