June 30 (Bloomberg) -- Graham Packaging Holdings Co., which makes plastic containers for food and beverages, plans to sell shares to the public in a transaction valued at about $3.2 billion.

Graham Packaging had 2007 sales of about $2.5 billion, Dallas-based Hicks Acquisition Co., which is partnering with Blackstone Group on the transaction, said today in a statement distributed by Business Wire.

Last Updated: June 30, 2008 09:53 EDT