Gibraltar Packaging Group (PACK.PK)

Gibraltar Packaging Group, Inc. engages in the design, manufacture, and marketing of packaging products primarily to customers throughout the United States. Its products include folding cartons, flexible poly film packaging, specialty-laminated containers, and corrugated containers. The company designs and markets various printed folding cartons, which are purchased by customers in consumer and industrial markets. It also offers specialty features for its folding cartons, including windowing, security label application, Velcro application, and coupon application. The customers use folding cartons for both product packaging and retail display of products. Gibraltar’s Flexible packaging offers light-weight, low-bulk, and resource-conserving packaging that also protects perishable products, by creating a barrier against air and moisture. For consumer marketing purposes, flexible packaging combines multicolor graphics, with a see-through feature that enables the consumer to see the product within the package, along with the package graphics. Although the company sells most of its flexible packaging for use in the food, textile, and household products markets, flexible packaging is also used by other industries. Gibraltar manufactures specialty laminated cartons which it markets to customers throughout the United States, primarily in the food, automotive, household, and industrial markets. Laminated cartons are used for the retail sale of products and offer customers a number of visual marketing benefits. The company manufactures corrugated inserts, which require specialty die cutting and gluing, and are used to provide additional strength and protection of packaged products. The primary markets for this product line are the automotive, industrial, and agricultural markets. The company was founded in 1967.

PACK designs, manufactures and markets folding cartons, specialty laminated containers, flexible packaging, corrugated containers and contract packaging and filling. For the 9 months ended 3/31/04, revenues decreased 11% to $45.7M. Net income decreased 36% to $1.3M. Revenues reflect lower sales to existing and new customers. Net income also reflects higher material costs from changes in customer mix.