{"id":8946,"date":"2019-08-02T00:00:00","date_gmt":"2019-08-02T04:00:00","guid":{"rendered":"https:\/\/livingstagenew.wpenginepowered.com\/transaction\/livingstone-advises-on-the-sale-of-artistic-carton-to-graphic-packaging\/"},"modified":"2026-06-25T13:23:44","modified_gmt":"2026-06-25T17:23:44","slug":"livingstone-advises-on-the-sale-of-artistic-carton-to-graphic-packaging","status":"publish","type":"transaction","link":"https:\/\/livingstonepartners.com\/en\/transaction\/livingstone-advises-on-the-sale-of-artistic-carton-to-graphic-packaging\/","title":{"rendered":"Livingstone advises on the sale of Artistic Carton to Graphic Packaging"},"content":{"rendered":"\n<p><strong>Livingstone\u2019s Industrial team is pleased to announce the sale of substantially all of the assets&nbsp;of Artistic Carton Company &lpar;\u201cArtistic Carton\u201d or the \u201cCompany\u201d&rpar; to Graphic Packaging Holding Company &lpar;\u201cGraphic Packaging\u201d&rpar;&nbsp;&lpar;NYSE:&nbsp;<\/strong><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.prnewswire.com\/news-releases\/graphic-packaging-holding-company-reports-second-quarter-2019-results-announces-acquisition-of-artistic-carton-company-300889047.html#financial-modal\"><strong>GPK<\/strong><\/a><strong>&rpar;. Livingstone acted as the exclusive financial advisor to Artistic Carton.<\/strong><\/p><p><em>\u201cFrom day one, Livingstone understood our goals as a Company, developed a tailored transaction process, leveraged strong relationships with relevant acquirers, and provided expert guidance with thoughtful solutions on every occasion,\u201d<\/em> said <strong>Pete Traeger, Chief Executive Officer of Artistic Carton<\/strong>. <em>\u201cWe are thrilled to transition the Company into the hands of Graphic Packaging, a long-time leader and reputable competitor in the industry.\u201d<\/em><\/p><p>A third-generation family-owned business founded in 1935, Artistic Carton\u2019s commitment to innovation and customer service extends nearly 85 years. A recipient of several design awards, the Company offers a comprehensive suite of paperboard production and folding carton converting capabilities serving a diverse set of end-markets, including packaged foods, industrial aftermarket, and fashion retail.&nbsp; Artistic Carton operates one coated recycled paperboard &lpar;CRB&rpar; mill located in White Pigeon, Michigan, with annual production capacity of approximately 70,000 tons, and two converting facilities located in Auburn, Indiana and Elgin, Illinois.<\/p><p><strong>Mike Doss, President and Chief Executive Officer of Graphic Packaging<\/strong> noted, <em>\u201cThe acquisition will drive converting end-market diversification, enhance our converting platform, and we expect will allow us to deliver significant synergies driven by paperboard integration, mill and converting manufacturing optimization, and supply chain efficiencies.\u201d<\/em><strong>&nbsp;<\/strong> As a global packaging leader, Graphic Packaging employs 17,000+ employees and operates 70 facilities worldwide to provide innovative packaging solutions to international end-markets, including food, beverage, household products, personal care, and pet care, amongst others.<\/p><p><em>\u201cThe Artistic Carton transaction represents another example of Livingstone\u2019s proven track record of selling mid-market industrial companies to high-profile strategic acquirers&#8221;<\/em><strong> <\/strong>said <a rel=\"noopener noreferrer\" href=\"https:\/\/livingstonepartners.com\/en\/team\/karl-freimuth\"><strong>Karl Freimuth<\/strong><\/a><strong>, Partner at Livingstone<\/strong>.&nbsp; <em>\u201cThe strength and reach of our firm\u2019s global platform and industrial sector expertise have allowed us to deliver outstanding results for our clients.&nbsp; We are proud to have advised Pete and the Company on a successful transaction.\u201d<\/em><\/p><p>Artistic Carton is Livingstone\u2019s 119th transaction completed since 2018 and the 39th global industrial transaction closed in the same timeframe, following the sale of global manufacturer of premium animal enclosures <a rel=\"noopener noreferrer\" href=\"https:\/\/livingstonepartners.com\/en\/transactions\/livingstone-leaves-its-paw-print-with-the-sale-of-the-mason-company\"><strong>Mason Company<\/strong><\/a><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/livingstone-2.klingit-development.comtransactions\/livingstone-finds-ideal-strategic-partner-for-the-mason-company\/\"><strong>, <\/strong><\/a><strong>LLC to Midmark Corporation<\/strong> and the cross-border divestiture of global pump manufacturer <a rel=\"noopener noreferrer\" href=\"https:\/\/livingstonepartners.com\/en\/transactions\/livingstone-advises-aliaxis-group-on-sale-of-160-year-old-heritage-brand-rheinhtte-pumpen-group-to-itt-inc\"><strong>Rheinh\u00fctte Pumpen to ITT Inc.<\/strong><\/a><\/p><p><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.hklaw.com\/en\">Holland &amp; Knight LLP<\/a> provided legal counsel and <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/millercooper.com\/\">Miller Cooper &amp; Co., Ltd.<\/a> provided accounting services to Artistic Carton.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Livingstone\u2019s Industrial team is pleased to announce the sale of substantially all of the assets\u00a0of Artistic Carton Company to Graphic Packaging Holding Company &lpar;NYSE:\u00a0GPK&rpar;.<\/p>\n","protected":false},"featured_media":3492,"template":"","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"client-type":[],"region":[],"sector":[],"service":[],"transaction-type":[],"class_list":["post-8946","transaction","type-transaction","status-publish","has-post-thumbnail","hentry"],"acf":{"team_members":[1192,1193,1205],"date":"20190802","client_type":40,"type":[1111],"region":[376],"services":[434,437],"sectors":[637,647],"related_transactions":"","related_testimonials":[50850],"contacts":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Livingstone advises on the sale of Artistic Carton to Graphic Packaging - Livingstone Partners<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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