Graham Packaging, which supplies plastic containers for nutrition, hygiene and home care products, announced terms for its IPO on Monday. The York, PA-based company plans to raise $350 million by offering 23.3 million shares at a price range of $14-$16. At the mid-point of the proposed range, Graham Packaging will command a market value of $949 million. The packaging company, which was founded in 1989 and booked $2.3 billion in sales over the last 12 months, plans to list on the NYSE under the symbol GRM. Citi, Goldman Sachs, and Deutsche Bank are the lead underwriters on the deal, which is expected to price on Tuesday, Feb. 9.
