An Affiliate of Sun European Partners Acquires Majority Stake in Paragon Print and Packaging (Holdings) Ltd

Sun European Partners, LLP (“Sun European Partners”), the European adviser to Sun Capital Partners, Inc., announces that one of its affiliates has acquired a majority stake in Paragon Print and Packaging (Holdings) LTD (“The Paragon Print & Packaging Group”, “Paragon” or “the Group”), the UK’s leading provider of packaging and outsourced services to the private label fresh and chilled food market. The value of the transaction is not disclosed.

International Paper Completes Acquisition of Sabanci Shares in Olmuksa Corrugated Packaging Joint Venture in Turkey, Becomes Majority Shareholder

International Paper today announced it has completed the acquisition of the shares of its joint venture partner Sabanci Holding in the Turkish corrugated packaging company Olmuksa, for a purchase price of $56 million. International Paper had obtained regulatory approval for the deal in the fourth quarter of 2012.

Burrows Paper Corporation Expands Global Reach with Acquisition of Innopak

On December 5, Burrows Paper Corporation completed the acquisition of the remaining 75 percent equity interest in Innopak Hong Kong Limited (the investment company that owns 100 percent of Innopak Heshan) from Innopak Holdings Limited. Until recently, Burrows was a 25 percent stakeholder in this joint venture packaging company.

Graphic Packaging Holding Company Completes Acquisitions of Contego Packaging Holdings, Ltd. and A&R Carton Holding B.V.

Graphic Packaging Holding Company (NYSE: GPK), a leading provider of packaging solutions to food, beverage and other consumer products companies, today announced that it has completed the previously announced acquisitions of Contego Packaging Holdings, Ltd., a leading food and consumer products packaging company based in the United Kingdom, and A&R Carton Holding B.V., which is A&R’s European beer and beverage packaging business.

UFP Technologies Acquires Packaging Alternatives Corporation

UFP Technologies, Inc. (Nasdaq: UFPT), a manufacturer of packaging and specialty component products, today announced the acquisition of Packaging Alternatives Corporation (“PAC”). Founded in 1977 and located in Costa Mesa, California, PAC is a full service designer, converter, and distributor of foam plastic products, specializing in technical polyurethane foams principally for the medical market. Sales in 2011 were approximately $10 million.