(RTTNews) - Graham Packaging Company Inc., a plastic container maker, announced in a filing with the regulatory about its intention to go public. The company did not disclose the number of shares, or estimated price range of the shares to be offered in the initial public offering.

Graham Packaging said that, immediately prior to, and in connection with, this offering, it will undergo a reorganization in which GPC Capital Corp. II will change its name to Graham Packaging Company Inc. GPC Capital Corp. II is wholly-owned by Graham Packaging Holdings Company.

Graham Packaging Holdings Company is currently owned, directly or indirectly, by Blackstone, members of management and other investors, who collectively own an 81.0% limited partnership interest, and by the Graham Family, who owns a 14.3% limited partnership interest.
The company specified that Blackstone will have the ability to elect all of its Board members and thereby control policies and operations.

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by RTT Staff Writer

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