Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

GRAPHIC PACKAGING HOLDING COMPANY

(GPK)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Graphic Packaging : GPI Partners with Start-Up Mergulo to Create Sustainable Packaging for Plant-Based Butter Alternative

05/11/2021 | 09:42am EDT

Global market leader in paper-based packaging solutions Graphic Packaging International has collaborated with start-up Mergulo, which produces a premium plant-based butter alternative, to deliver an innovative sustainable paperboard packaging solution that reflects the brand's natural philosophy.

Plant-based food is one of the UK's fastest-growing sectors, with sales of meat-free foods expected to be in excess of £1.1 billion by 2024, according to Mintel1.

The Graphic Packaging and Mergulo teams collaborated virtually to realize the Mergulo sustainable packaging vision, which, under normal circumstances, would have been carried out in-house.

'The teams discussed and developed many innovative features, such as a hinged lid, friction closure and pull-down front section for easy access to the contents. This high-level of innovation did not compromise sustainability. The grease-resistant board is free from standard plastic layers, and the one-piece construction has been designed to optimize the sheet and reduce waste. In addition, the packaging is widely recyclable within the paper stream in the UK according to On-Pack Recycling Label (OPRL) guidelines,' commented Tom Garsed, marketing, design and innovation manager at Graphic Packaging International.

The teams carried out extensive testing to ensure a fit-for-purpose board was selected, preventing the risk of wicking or staining due to the product's high fat content. This was important not only to protect and preserve the contents of the pack, but also to help build Mergulo's status as a trusted brand.

'Many elements of this pack reflect the Mergulo brand's environmental mission, such as the reduced plastic content versus standard butter packaging and the absence of metallic foil, leading to a more natural look,' Garsed added. 'The teams have collaborated extremely well under challenging circumstances to develop a premium yet sustainable pack.'

Mergulo is currently available in Whole Foods Market, Vegankind (online) supermarket and Planet Organic.

Disclaimer

Graphic Packaging Holding Company published this content on 11 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 May 2021 13:41:06 UTC.


© Publicnow 2021
All news about GRAPHIC PACKAGING HOLDING COMPANY
06/14GRAPHIC PACKAGING HOLDING COMPANY : Ex-dividend day for
FA
05/27GRAPHIC PACKAGING HOLDING CO  : Submission of Matters to a Vote of Security Hold..
AQ
05/27INSIDER TRENDS : Graphic Packaging Holding Insider Gets Stock Award, Prolongs Bu..
MT
05/27INSIDER TRENDS : Graphic Packaging Holding Insider Granted Stock Award, Extends ..
MT
05/27INSIDER TRENDS : Graphic Packaging Holding Insider Awarded Stock, Trend of Buys ..
MT
05/27INSIDER TRENDS : Graphic Packaging Holding Insider Receives Stock Award, Trend o..
MT
05/27INSIDER TRENDS : Graphic Packaging Holding Insider Receives Stock Award, Buy Tre..
MT
05/26GRAPHIC PACKAGING HOLDING COMPANY  : Declares Quarterly Dividend
PR
05/25GRAPHIC PACKAGING  : GPI Concludes Partnership with International Paper - Graphi..
AQ
05/24GRAPHIC PACKAGING HOLDING CO  : Other Events, Financial Statements and Exhibits ..
AQ
More news
Financials (USD)
Sales 2021 6 883 M - -
Net income 2021 354 M - -
Net Debt 2021 3 751 M - -
P/E ratio 2021 14,4x
Yield 2021 1,76%
Capitalization 5 430 M 5 430 M -
EV / Sales 2021 1,33x
EV / Sales 2022 1,24x
Nbr of Employees 18 775
Free-Float 99,0%
Chart GRAPHIC PACKAGING HOLDING COMPANY
Duration : Period :
Graphic Packaging Holding Company Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends GRAPHIC PACKAGING HOLDING COMPANY
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Last Close Price 17,69 $
Average target price 21,31 $
Spread / Average Target 20,5%
EPS Revisions
Managers and Directors
NameTitle
Michael P. Doss President, Chief Executive Officer & Director
Stephen Richard Scherger Chief Financial Officer & Executive Vice President
Phillip R. Martens Chairman
Lynn A. Wentworth Independent Director
David D. Campbell Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
GRAPHIC PACKAGING HOLDING COMPANY5.67%5 495
INTERNATIONAL PAPER COMPANY22.77%23 920
WESTROCK COMPANY23.13%14 264
SMURFIT KAPPA GROUP PLC18.17%13 770
MONDI PLC10.03%12 770
PACKAGING CORPORATION OF AMERICA-1.87%12 742