Containers and Packaging
Company Overview of Green Bay Packaging, Inc.
Company Overview
1700 North Webster Court
Green Bay, WI 54307-9017
United States
Founded in 1933
Key Executives for Green Bay Packaging, Inc.
Green Bay Packaging, Inc. Key Developments
Green Bay Packaging, Inc. announced that on Dec. 20, 2012 it bought the 269,000-square-foot facility, and 28-acre property at 760 Kingsview Drive. The purchase replaces its current facilities at 7660 School Road in Sycamore Twp., Hamilton County. The company announced that plans are to relocate to Warren County over the first quarter. The new plant will manufacture corrugated shipping containers in a variety of sizes and will serve businesses in the southern (two-thirds) of Ohio, southern Indiana, and northern Kentucky. Further, it reflects the company's continued growth, expansion, and its commitment to the packaging industry. The facility requires $250,000 in interior renovations, Millard said. Lebanon's city council is discussing offering the company a $50,000 forgivable loan. According to the terms of the loan, GBP must maintain a minimum annual taxable payroll during each of the next five years. In return, Lebanon will forgive 20% of the loan principal and interest for each of the five years. City officials would also waive up to $1,000 in applicable permit fees as well as offer a credit on the electric tax based on the size of the company's payroll.
Green Bay Packaging, Inc. promotes Bryan Hollenbach to executive vice president to succeed Tom Herlihy after his January retirement. Hollenbach was vice president-general manager of the shipping container division. He will be responsible for the company's containerboard mills, corrugated, folding carton, and timber divisions. He joined GBP in 2004.
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Target |
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Private Placement
February 6, 2013 |
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