Graham Packaging Holdings Company today posted net sales of about $688.2 million in the second quarter of 2008, up from about $651.0 million last year, according to a company filing with the Securities and Exchange Commission.

Net income for the quarter was about $28.3 million, up from about $5.1 million last year.

The company is the parent of Graham Packaging Company, with the majority owner of The Blackstone Group in New York and a base of operations in Springettsbury Township, York County.

Graham is part of an estimated $3.2 billion deal with Texas-based Hicks Acquisition to be purchased by the company in a transaction that would result in Graham Packaging becoming a publicly traded company.

Graham Packaging, known for its production of containers such as this clear polypropylene plastic jars for food products released its second quarter
Graham Packaging, known for its production of containers such as this clear polypropylene plastic jars for food products released its second quarter earnings this week. (Graham Packaging Web site)

The company would get a stock ticker on the New York Stock Exchange.


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