Various outlets reported today that Graham Packaging will close one of two Lakeland facilities. The Pennsylvania-based company announced that it will close the McCrue Road plant on October 9. The company reported that most of the 15 employees will be eligible for severance packages and may apply at other Graham locations. Some McCrue plant employees will be transferred to the County Line Road facility.
“In July, Graham Packaging disclosed an agreement to be acquired by Texas Rangers owner Thomas O. Hicks for $700 million. The deal is expected to close in the fourth quarter.” — Tradingmarkets.com