Graham Packaging has signed a share purchase agreement to acquire from PCCS Group Berhad, a Malaysian company, 100% of the shares of Roots Investment Holding Private Limited, which will be the sole equity holder of China Roots. The transaction is expected to close during the second quarter of 2010.
“The purchase will open a new door for our company,” said Mark Burgess, CEO for Graham Packaging. “China is undeniably a major market and the opportunity to participate in its growth is very exciting for us.”
Source: Graham Packaging Company
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