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September 04, 2015 10:34 AM ET

Containers and Packaging

Company Overview of Graham Packaging Company, L.P.

Company Overview

Graham Packaging Company, L.P. designs and manufactures bottles for packaging applications. It offers PET containers, and polyolefin and decorative bottles. The company offers its products for food, beverage, household, auto/chemical, personal care, and healthcare industries in the United States and internationally. Graham Packaging Company, L.P. was formerly known as Graham Packaging Holdings I, L.P. and changed its name to Graham Packaging Company, L.P. in February 1998. The company was founded in 1994 and is based in York, Pennsylvania with facilities internationally. Graham Packaging Company, L.P. operates as a subsidiary of Graham Packaging Holdings Company.

2401 Pleasant Valley Road

York, PA 17402

United States

Founded in 1994

Phone:

717-849-8500

Fax:

717-854-4269

Key Executives for Graham Packaging Company, L.P.

Chief Executive Officer and Director
Age: 55
Senior Vice President of Global Technology and General Manager of Proprietary Machinery Business Unit
Age: 54
Vice President of Global Marketing, Vice President of Strategic Planning and Vice President of Investor Relations
Age: 56
Chief Compliance Officer
Age: 49
Senior Vice President
Age: 60
Compensation as of Fiscal Year 2015.

Graham Packaging Company, L.P. Key Developments

Graham Packaging Company Announces Groundbreaking of New Plant in Bowling Green, Kentucky's South Central Kentucky Industrial Park

Graham Packaging Company announced opening o their new plant in Bowling Green, Kentucky's South Central Kentucky Industrial Park. Graham plans to create up to 68 new jobs, with an investment of $22 million over the life of the project. Additionally, private development of the building totaling $9.5 million brings the total investment to $31.5 million. The land for the development was provided by Sun Products and all the blow-molded plastic containers manufactured at Graham's new plant will be supplied solely to Sun Products. Graham plans to construct a 245,000-square-foot manufacturing facility in the South Central Kentucky Industrial Park, as well as purchase new molding equipment. The company expects to be operational by early next year.

Graham Packaging Reports Operating Results for the First Quarter of 2015

Graham Packaging reported operating results for the first quarter of 2015. Graham Packaging's revenue decreased 8% to $655 million in the first quarter of 2015. This decrease was primarily driven by lower sales volume; unfavorable foreign currency impact, particularly in the euro, the real, Mexican peso and the Polish zloty; and lower resin price due to lower resin costs. On an LTM basis, revenue decreased 9% to 2.686 billion. Adjusted EBITDA was decreased 3% or $4 million to $113 million in the first quarter of 2015. This decrease was primarily driven by lower sales volume and unfavorable mix and unfavorable foreign currency impact. This was partially offset by favorable timing of resin cost pass-throughs.

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