AGI, Shorewood Complete Merger3 Jan, 2012 By: Chris Tribbey
International Paper and Atlas Holdings completed the merger of their packaging businesses Jan. 3, turning Shorewood Packaging and AGI World into AGI-Sherwood.
“We’re pleased to complete this transaction, which is a transformational event for AGI,” said Atlas Holdings chairman Andrew Bursky. “The merger provides AGI with expanded diversification, entrée to new and growing end markets, and significant positions in rapidly expanding regions like Asia and Latin America. We are now exceptionally positioned to serve both regional and international consumer packaged-goods, entertainment and tobacco companies on a truly global basis.”
Mike Ukropina, who served as president of Shorewood Packaging, will serve as president and CEO of AGI-Shorewood.