The predecessor to Graham Packaging Holdings Company, controlled by the predecessors of the Graham Family, was formed in the mid-1970s as a regional domestic custom plastic container supplier. Graham Packaging Holdings Company was formed under the name "Sonoco Graham Company" on April 3, 1989, as a Pennsylvania limited partnership. It changed its name to "Graham Packaging Company" on March 28, 1991, and to "Graham Packaging Holdings Company" on February 2, 1998. The primary business activity of Graham Packaging Holdings Company is its direct and indirect ownership of 100% of the partnership interests in the Operating Company. The Operating Company was formed under the name "Graham Packaging Holdings Inc." on September 21, 1994, as a Delaware limited partnership and changed its name to "Graham Packaging Company Inc." on February 2, 1998, in connection with the 1998 recapitalization. On October 7, 2004, we acquired the blow molded plastic container business of Owens-Illinois, Inc. ("O-I Plastic"), which essentially doubled our size. Our operations have included the operations of O-I Plastic since the acquisition date.
GPC was incorporated in Delaware under the name "BMP/Graham Holdings Corporation" on November 5, 1997 in connection with the recapitalization transaction in which Blackstone, management and other investors became the indirect holders of 85.0% of the partnership interests of Graham Packaging Holdings Company, which was completed on February 2, 1998. GPC is a holding company whose only material assets are the direct ownership of an 87.9% limited partnership interest in Graham Packaging Holdings Company and 100% of the limited liability company interests of BCP/Graham Holdings L.L.C. ("BCP"), which holds a 2.9% general partnership interest in Graham Packaging Holdings Company. GPC changed its name to "Graham Packaging Company Inc." on December 10, 2009. GPC completed the initial public offering of its common stock on February 17, 2010, in which it issued 16,666,667 common shares and raised net proceeds of approximately $150.0 million, and, on March 16, 2010, GPC completed its sale of additional common shares offered to the underwriters in the IPO and received approximately $14.7 million in net proceeds. GPC's common stock is listed on the New York Stock Exchange and is traded under the symbol "GRM."
On July 1, 2010, we acquired China Roots Packaging PTE Ltd. ("China Roots"), a plastic container manufacturing company located in Guangzhou, China. We had previously signed a Share Purchase Agreement to acquire from PCCS Group Berhad, a Malaysian company, 100% of the shares of Roots Investment Holding Private Limited, which is the sole equity holder of China Roots. China Roots manufactures plastic containers and closures for food, health care, personal care and petrochemical products. Its customers include several global consumer product marketers. In 2009, China Roots' sales were approximately $16.3 million.
On September 23, 2010, we acquired the Liquid Container Entities (as defined below) from each of Liquid Container's limited partners (the "Liquid Container Limited Partners") and each of the stockholders (the "Stockholders") of (i) Liquid Container Inc. (the "Liquid Container Managing General Partner"), a Delaware corporation, (ii) CPG-L Holdings, Inc. ("CPG"), a Delaware corporation, and (iii) WCK-L Holdings, Inc. ("WCK" and, together with the Liquid Container Managing General Partner and CPG, the "Liquid Container General Partners"), a Delaware corporation. Liquid Container and the Liquid Container General Partners are collectively referred to as the "Liquid Container Entities." We purchased all the shares from the Stockholders and all of the limited partnership units from the Liquid Container Limited Partners (collectively, the "Liquid Container Acquisition") for a purchase price of $568.0 million plus cash on hand, minus certain indebtedness and including a preliminary net working capital adjustment.
Our principal executive offices are located at 2401 Pleasant Valley Road, York, Pennsylvania 17402, telephone (717) 849-8500. Graham Packaging Holdings Company and its parent company Graham Packaging Company Inc. file annual, quarterly and current reports and other information with the Securities and Exchange Commission (the "SEC"). Those filings with the SEC are, and will continue to be, available to the public on the SEC's website at http://www.sec.gov. Those filings are, and will continue to be, also available to the public on, or accessible through, our corporate web site at http://www.grahampackaging.com. The information contained on our website or that can be accessed through our website neither constitutes part of this prospectus nor is incorporated by reference herein.