---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-040025"
form_type: "8-K"
ticker: "GPK"
cik: "0001408075"
company_name: "GRAPHIC PACKAGING HOLDING CO"
filed_at: "2024-02-20T23:59:59+00:00"
generated_at: "2026-06-05T22:55:37.688066+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Graphic Packaging sells Augusta paperboard mill to Clearwater Paper for $700M

## Summary
- Purchase price $700M in cash, based on ~$100M Adjusted EBITDA at the Augusta facility.
- Transaction expected to close Q2 2024, subject to HSR and other regulatory approvals.
- Clearwater Paper to fund via cash on hand and committed debt; no financing condition.
- Graphic Packaging will continue bleached paperboard supply for foodservice from Texarkana.
- Definitive purchase agreement signed February 20, 2024; termination date February 20, 2025.

## SEC filing metadata
- accession: 0001193125-24-040025
- form_type: 8-K
- ticker: GPK
- cik: 0001408075
- company_name: GRAPHIC PACKAGING HOLDING CO
- filed_at: 2024-02-20T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1408075/000119312524040025/0001193125-24-040025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1408075/000119312524040025/d792998d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-040025
- JSON: https://secwatch.observer/filing/0001193125-24-040025.json
- Plain text: https://secwatch.observer/filing/0001193125-24-040025.txt

## Key facts
- Material Agreements
  GRAPHIC PACKAGING HOLDING CO entered into Purchase Agreement with Clearwater Paper Corporation valued at $700,000,000 in cash consideration and assumption of certain liabilities (effective 2024-02-20).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Clearwater Paper Corporation
  - Value: $700,000,000 in cash consideration and assumption of certain liabilities
  - Effective: 2024-02-20
  source text: On February 20, 2024, Graphic Packaging International, LLC (the “Company”), a Delaware limited liability company and a wholly-owned subsidiary of Graphic Packaging Holding Company, and Clearwater Paper Corporation, a Delaware corporation (“CLW”), entered into a Purchase Agreement (the “Purchase Agreement), pursuant to which, among other things, the Company agreed to sell its paperboard manufacturing business located in Augusta, Georgia (the “Business”) to CLW in exchange for (i) $700,000,000 in cash consideration (subject to the adjustment as set forth in the Purchase Agreement, the “Purchase Price”) and (ii) the assumption of certain liabilities of the Business as specified in the Purchase Agreement (such transaction, the “Transaction”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1408075/000119312524040025/0001193125-24-040025-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.