GREEN BAY, WI (WTAQ-WLUK) — Looking to expand its business, Green Bay Packaging Incorporated bought Interstate Packaging Corporation in Minnesota.
The acquisition became effective Thursday. It comes just a little more than a year after GBP opened a new paper mill.
When GBP first announced its $500 million mill project, it emphasized its commitment to the Green Bay area. GBP is now ready to expand its market.
Interstate Packaging’s facility in Albert Lea, Minnesota, provides services to portions of Minnesota, Wisconsin, Iowa and South Dakota.
This acquisition will specifically help GBP grow their business in Minnesota and Iowa, according to Chairman and CEO of GBP Will Kress.
Leaders of GBP and Interstate Packaging expressed excitement for the acquisition and expanding their market presence.
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