425

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of report (Date of earliest event reported): June 30, 2008

HICKS ACQUISITION COMPANY I, INC.

(Exact Name of Registrant as Specified in Charter)

Delaware
(State or other
jurisdiction of
incorporation) 001-33704
(Commission File Number) 20-8521842
(I.R.S. Employer
Identification Number)

100 Crescent Court,
Suite 1200 Dallas, TX
(Address of principal
executive offices) 75201
(Zip code)

(214) 615-2300
(Registrant’s telephone number, including area code)

Not Applicable
(Former name or former address, if changed since last report)

     Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:

þ Written communications pursuant to Rule 425 under the Securities Act

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

Item 7.01 Regulation FD Disclosure.

The road show materials related to the proposed transaction (described below) to be presented to certain existing and potential stockholders of Hicks Acquisition Company I, Inc., a Delaware corporation (the “Company”), are attached hereto as Exhibit 99.1.

Item 8.01. Other Events.

On June 30, 2008, the Company and Graham Packaging Holdings Co., a Pennsylvania corporation (“Graham Packaging”), issued a joint press release announcing a non-binding agreement in principle by and among Graham Packaging, the Company and the other parties signatory thereto, which would provide, among other things, that Graham Packaging would go public pursuant to a transaction with the Company. A copy of the joint press release is attached hereto as Exhibit 99.2. The transaction is subject to the parties agreeing upon definitive documentation related thereto.

Additional Information About the Transaction and Where to Find It

In connection with the transaction, Graham Packaging would file with the Securities and Exchange Commission (the “SEC”) a Registration Statement on Form S-4 that would include a proxy statement of the Company and that would constitute a prospectus of Graham Packaging. The Company would mail the proxy statement/prospectus to its stockholders. Before making any voting decision, the Company urges its investors and security holders to read the proxy statement/prospectus regarding the transaction when it becomes available because it would contain important information. The Company’s stockholders may obtain copies of all documents filed with the SEC regarding the transaction, free of charge, at the SEC’s website (www.sec.gov) or by directing a request to the Company at 100 Crescent Court, Suite 1200, Dallas, Texas 75201 or by contacting the Company at (214) 615-2300.

Participants in Solicitation

The Company and its directors and officers may be deemed participants in the solicitation of proxies to the Company’s stockholders with respect to the transaction. A list of the names of those directors and officers and a description of their interests in the Company is contained in the Company’s annual report on Form 10-K for the fiscal year ended December 31, 2007, which was filed with the SEC, and would also be contained in the Company’s proxy statement regarding the transaction when it becomes available. The Company’s stockholders may obtain additional information about the interests of the directors and officers of the Company in the transaction by reading the Company’s proxy statement and other materials to be filed with the SEC regarding the transaction when such information becomes available.

Information Concerning Forward-Looking Statements

This report and the press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. Forward-looking statements in this presentation include matters that involve known and unknown risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this presentation. Such risk factors include, among others: uncertainties as to the timing of the acquisition and whether a definitive agreement related to the transaction will be entered into; approval of the acquisition by the Company’s stockholders; the satisfaction of closing conditions to the acquisition, including the receipt of regulatory approvals; costs related to the acquisition; the competitive environment in the industry in which Graham Packaging operates; the diversion of management time on acquisition related issues; general economic conditions such as inflation or recession; Graham Packaging’s ability to maintain margins due to future increases in commodity prices; Graham Packaging’s loss of large customers; operating Graham Packaging as a public company; Graham Packaging’s continuing net losses; the terms of Graham Packaging’s debt instruments, which restrict the manner in which Graham Packaging conducts its business and may limit Graham Packaging’s ability to implement elements of its business strategy; Graham Packaging’s indebtedness,

which could adversely affect Graham Packaging’s cash flow; that despite Graham Packaging’s current levels of indebtedness, Graham Packaging may incur additional debt in the future, which could increase the risks associated with Graham Packaging’s leverage; Graham Packaging’s recovery of the carrying value of its assets; Graham Packaging’s exposure to fluctuations in resin prices and its dependence on resin supplies; risks associated with Graham Packaging’s international operations; Graham Packaging’s dependence on significant customers and the risk that customers will not purchase Graham Packaging’s products in the amounts expected by Graham Packaging under their requirements contracts; that the majority of Graham Packaging’s sales are made pursuant to requirements contracts; Graham Packaging’s ability to develop product innovations and improve Graham Packaging’s production technology and expertise; infringement on Graham Packaging’s proprietary technology; risks associated with environmental regulation and liabilities; Graham Packaging’s dependence on key management and its labor force and the material adverse effect that could result from the loss of their services; risks associated with a significant portion of Graham Packaging’s employees being covered by collective bargaining agreements; Graham Packaging’s dependence on blow molding equipment providers; market conditions for Graham Packaging’s products; the inability to maintain growth rates; and the related impact on revenue, net income and fund inflows/outflows. Actual results may differ materially from those contained in the forward-looking statements in this presentation. The Company and Graham Packaging undertake no obligation and do not intend to update these forward-looking statements to reflect events or circumstances occurring after the date of this presentation. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this presentation. All forward-looking statements are qualified in their entirety by this cautionary statement.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number	Exhibit
99.1*	Roadshow materials
99.2*	Press release, dated June 30, 2008

* Filed herewith.

SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

Dated: June 30, 2008

Hicks Acquisition Company I, Inc.
By:	/s/ JOSEPH B. ARMES
	Joseph B. Armes
	President, Chief Executive Officer and Chief Financial Officer

EXHIBIT INDEX

Exhibit Number	Exhibit
99.1*	Roadshow materials
99.2*	Press release, dated June 30, 2008

* Filed herewith.

EX-99.1

Exhibit 99.1

Investor Presentation June 30, 2008

Disclaimers Additional Securities Law Information Hicks Acquisition Company I, Inc. ("HAC") intends to file with the SEC a proxy / registration statement in connection with the proposed acquisition of Graham Packaging Holding Company and its affiliates (collectively, "Graham") and to mail a definitive proxy statement and other relevant documents to HAC stockholders. HAC stockholders and other interested persons are advised to read, when available, HAC's preliminary proxy statement, and amendments thereto, and the definitive proxy statement in connection with HAC's solicitation of proxies for the special meeting to be held to approve the acquisition because these proxy statements will contain important information about Graham, HAC and the proposed acquisition. The definitive proxy statement will be mailed to HAC stockholders as of a record date to be established for voting on the proposed acquisition. Stockholders will also be able to obtain a copy of the preliminary and definitive proxy statements once they are available, without charge, at the Securities Exchange Commission's ("SEC") website at http://www.sec.gov or by directing a request to Hicks Acquisition Company I, Inc., 100 Crescent Court, Suite 1200, Dallas, Texas, telephone 214-615-2300. HAC and its directors and officers may be deemed participants in the solicitation of proxies to HAC's stockholders. A list of the names of those directors and officers and a description of their interests in HAC is contained in HAC's annual report on Form 10-K for the fiscal year ended December 31, 2007, which is filed with the SEC, and will also be contained in HAC's proxy statement when it becomes available. HAC's stockholders may obtain additional information about the interests of the directors and officers of HAC in the acquisition in reading HAC's proxy statement and other materials to be filed with the SEC when such information becomes available. Safe Harbor Statement This presentation has been prepared exclusively for the purpose of providing summary information about Graham and its business to HAC stockholders pending the distribution of the definitive proxy statement. It does not constitute a solicitation for or an offer by or, on behalf of HAC or Graham or, of any securities or investment advisory services. This presentation includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions are intended to identify such forward-looking statements. Forward-looking statements in this presentation include matters that involve known and unknown risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this presentation. Such risk factors include, among others: uncertainties as to the timing of the acquisition; approval of the transaction by HAC stockholders; the satisfaction of closing conditions to the transaction, including the receipt of regulatory approvals; costs related to the acquisition; the competitive environment in the industry in which Graham operates; the diversion of management time on acquisition related issues; general economic conditions such as inflation or recession; Graham's ability to maintain margins due to future increases in commodity prices; Graham's loss of large customers; operating Graham as a public company; Graham's continuing net losses; the terms of Graham's debt instruments, which restrict the manner in which Graham conducts its business and may limit Graham's ability to implement elements of its business strategy; Graham's indebtedness, which could adversely affect Graham's cash flow; that despite Graham's current levels of indebtedness, Graham may incur additional debt in the future, which could increase the risks associated with Graham's leverage; Graham's recovery of the carrying value of its assets; Graham's exposure to fluctuations in resin prices and its dependence on resin supplies; risks associated with Graham's international operations; Graham's dependence on significant customers and the risk that customers will not purchase Graham's products in the amounts expected by Graham under their requirements contracts; that the majority of Graham's sales are made pursuant to requirements contracts; Graham's ability to develop product innovations and improve Graham's production technology and expertise; infringement on Graham's proprietary technology; risks associated with environmental regulation and liabilities; Graham's dependence on key management and its labor force and the material adverse effect that could result from the loss of their services; risks associated with a significant portion of Graham's employees being covered by collective bargaining agreements; Graham's dependence on blow molding equipment providers; market conditions for Graham's products; the inability to maintain growth rates; and the related impact on revenue, net income and fund inflows/outflows. Actual results may differ materially from those contained in the forward-looking statements in this presentation. HAC and Graham undertake no obligation and do not intend to update these forward-looking statements to reflect events or circumstances occurring after the date of this presentation. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this presentation. All forward-looking statements are qualified in their entirety by this cautionary statement. Non-GAAP Financials The financial information and data contained in this presentation is unaudited and does not conform to the SEC's Regulation S-X. Accordingly, such information and data may not be included in, may be adjusted in or may be presented differently in, HAC's proxy / registration statement to solicit stockholder approval for the proposed acquisition of Graham. This presentation includes certain estimated financial information and forecasts presented as pro forma financial measures that are not derived in accordance with generally accepted accounting principles ("GAAP"), and which may be deemed to be non-GAAP financial measures within the meaning of Regulation G promulgated by the SEC. HAC and Graham believe that the presentation of these non-GAAP financial measures serve to enhance the understanding of the financial performance of Graham and the proposed acquisition. However, these non-GAAP financial measures should be considered in addition to, and not as substitutes for or superior to, financial measures of financial performance prepared in accordance with GAAP. Our pro forma financial measures may not be comparable to similarly titled pro forma measures reported by other companies.

Christina Weaver Vest Senior Vice President Hicks Acquisition Company I, Inc. Shervin Korangy Principal The Blackstone Group Thomas O. Hicks Chairman Hicks Acquisition Company I, Inc. Mark S. Burgess Chief Financial Officer and Chief Operating Officer Graham Packaging Company Participants Robert M. Swartz Senior Vice President Hicks Acquisition Company I, Inc. Warren D. Knowlton Chairman and Chief Executive Officer Graham Packaging Company

Graham Packaging Overview Market leader in value-added custom plastic containers Strong positions in four major product categories: 90%+ sales in product categories with #1 market position Revenue and EBITDA in excess of $2.4 billion and $450 million, respectively Food & Beverage - 61% of 2007 revenue Household Products - 20% of 2007 revenue Automotive Lubricants - 12% of 2007 revenue Personal Care / Specialty - 8% of 2007 revenue

Unique Opportunity to Partner Alongside Hicks and Blackstone in Taking Graham Public HAC's Investment Rationale for Graham Premium Asset in the Packaging Industry Technology and innovation leader with leading market positions Long-standing relationships with blue chip global consumer products companies Industry leading EBITDA margins in plastic containers New World-Class Senior Management Team Installed in December 2006 New culture of accountability Data-driven decision-making Commitment to profitable growth Nearly 300 basis point improvement in EBITDA margin from 2006 to 2008E Significant Upside to New Investors Large and stable profit base with $450 million+ of EBITDA Global growth opportunities with multi-national customers Continued margin enhancement through efficiency gains and cost take-out Strong free cash flow to support considerable earnings growth through deleveraging

Blue Chip Sponsorship Hicks Acquisition Company Formed in 2007 for the purpose of acquiring an operating company September 2007 IPO led by Citigroup raised over $550 million in capital Led by Thomas O. Hicks, Chairman of the Board 35+ years of private equity investing experience Founder of Hicks, Muse, Tate and Furst - one of the most active and successful private investment firms in the country Committed to a successful transaction - $20 million co-investment to be made at acquisition The Blackstone Group Founded in 1985; leading global alternative asset manager and provider of financial advisory services NYSE listed (ticker: BX) with ~$20 billion firm value and total assets under management of $114 billion Single largest Graham shareholder post-combination with Hicks Acquisition Company stockholders

Transaction Overview

Expected Closing Third quarter 2008 Approvals >50% of HAC's public stockholders (approval also requires that no more than 30% (minus one share) of public stockholders vote against the transaction and elect to exercise their cash conversion rights) Transaction Graham Packaging Holdings Co. ("Graham") is going public through a business combination with Hicks Acquisition Company I, Inc. ("HAC"; AMEX: TOH), in partnership with The Blackstone Group and the Donald Graham Family (together, "Current Graham Equity Holders") Post business combination, the combined company will be renamed Graham Packaging Company Graham will apply for listing on the NYSE Transaction Value of $3,150 million(1) Transaction Overview (1) Excludes $25 million from buyout of monitoring and oversight fee post-closing (payable by Graham in 2009) and a transfer of value of ~2.8 million Founder's warrants to Current Graham Equity Holders at closing. (2) Based on Graham's projected net debt as of September 30, 2008. Management and Board Management led by Warren D. Knowlton, Chairman & CEO, and Mark S. Burgess, CFO & COO 50+ years in senior leadership roles at public companies in general manufacturing industries Board will consist of representatives of Blackstone, Graham and HAC Consideration $350 million of cash held in trust as cash consideration 35.0 million shares at $10 per share and ~2.8 million warrants as equity consideration Includes a transfer of value of ~2.8 million HAC Founder's units; in exchange, HAC Founder will retain, through a series of transactions, earnout units (shares with trigger price of $13.75; warrants with strike price of $10.00 and trigger price of $15.00) $2,450 million of net debt(2) ($2,294 million outstanding at close, assumes HAC repays the difference using remaining cash held in trust)

Sources and Uses and Pro Forma Capitalization Sources Pro Forma Capitalization Uses Note: CC EBITDA stands for Covenant Compliance EBITDA. Based on Graham's projected net debt as of September 30, 2008. Pro forma cash and the amount of debt repaid following closing will be decreased by the amount used by HAC to pay its public stockholders who vote against the business combination and properly exercise their conversion rights. (1) Actual, as of May 31, 2008. Includes interest earned on cash held in trust and $20 million from purchase of co-investment units by Founder. ($ in Millions)

Transaction Valuation and Ownership Implied Fully Distributed Firm Value of $3,485 million ($ in Millions, Except per Share Data) Pro Forma Valuation Pro Forma Equity Ownership (2) Note: Based on Graham's projected net debt as of September 30, 2008. Assumes no stockholders exercise their cash conversion rights. Pro forma cash and the amount of debt repaid following closing will be decreased by the amount used by HAC to pay its public stockholders who vote against the business combination and properly exercise their conversion rights. (1) Based on actual cash held in trust as of May 31, 2008; includes interest earned on cash held in trust and $20 million from purchase of co-investment units by Founder. (2) Based on 121.5 million fully diluted shares outstanding (treasury stock method) and $9.80 price per share. Includes all warrants. Excludes 2.8 million of earnout units to be received by Founder at closing. (3) Defined as EBITDA adjusted to exclude reorganization and other non-recurring items as disclosed in Graham's public filings.

Investment Highlights

Key Investment Highlights #1 supplier of value-added custom plastic containers Experienced management team with clearly defined vision Unparalleled technology leader with long history of innovation Long-term relationships with global blue-chip customers Extensive manufacturing footprint; global on-site manufacturing accounts for ~30% of facilities Leader in sustainability efforts across the industry Attractive margins in the packaging industry Margin stability through contractual pass-through of resin costs Multiple levers for value creation Top-line growth through conversions and global expansion Margin enhancement through efficiency gains and cost take-out Free cash flow generation through disciplined capital investment Accelerated earnings growth through deleveraging

Food & Beverage #1 Supplier of Value-Added Custom Plastic Containers Key Applications Highlights / Trends PET Shelf stable juice Sports drinks Ketchup Sauces RTD teas 50% bigger than nearest competitor Focused on higher growth applications including RTD teas and enhanced water Innovation and technology leader Panel-less technologies POLY Yogurt drinks Smoothies Nutritional beverages Juices Drinks Teas 5-6x bigger than nearest competitor Increased productivity continues to deliver improvement Technology advantage driving growth in multi-layer Health trends and technology driving new growth opportunities in nutritional beverage market Household Chemical and Automotive Liquid fabric care Dish detergents Hard surface cleaners Bleach Motor oil Automotive lubricants 40%+ share in liquid fabric care Key customers in last phase of concentrate conversion Gaining share in fast growing multi-quart auto segment (10% growth in 2008)

#1 Supplier of Value-Added Custom Plastic Containers (cont'd) Europe Drinkable yogurts Dairy products Adult nutritional/ specialty foods Personal care Strong customer relationships Customer partnerships provide profitable base of business Manufacturing moving from Western Europe to Eastern Europe Technology advantage secures Graham's #1 position in nutritional and drinkable yogurt markets Personal Care and Speciality Hair care Hair color Skin care Other specialties Partnering with key distributors to reach wider customer base with existing resources Targeting key markets based on growth rates and profitability 30-90 day sales cycle for new business development, faster than for other businesses with 1-2 year average shelf life for designs South America Auto Agrochemical Yogurt Detergents House cleaning Strong global customer relationships provide growth opportunities using on-site plant model SA markets becoming more consolidated, local companies acquired by global players Competitive technology deployment in South America Key Applications Highlights / Trends

Experienced Management Team Ashok Sudan (55) EVP and GM, Global F&B, Europe 31 EVP since November 2004, with Graham since 1977 Held numerous positions in operations and management Peter Lennox (46) SVP HCA, PCS, South America 22 SVP HCA and PCS since January 2006 With Graham since 2000 Previously worked for Sun Coast Closures and the Kerr Group Martin Sauer (54) SVP Global Sourcing 25 With Graham since October 2000 Previously served as Supply Chain Director of Asia for Burmah Castrol 12 years at Exxon prior to Castrol Dave Cargile (48) SVP Global Technology, GM, Proprietary Machinery Business Unit 26 Promoted to current position in July 2006 Joined Graham in 1987 Awarded 15 patents directly related to the plastics industry (13 are active today) Mark Leiden (51) VP Global Marketing and PET Business Manager 27 With Graham since 1999 Previously served as Director of Plastics at Schmalbach Lubeca White Cap Spent first 11 years of career at Alcoa Bill Hennessey (46) VP and Controller 15 With Graham since 2007 Previously held several controller positions, most recently at John Maneeley Corporation Spent 12 years in various financial management roles at Unisource Name (Age) Years in Industry Experience

Extensive Manufacturing Footprint Global on-site manufacturing accounts for ~30% of facilities 55 facilities across the U.S. (13 on-site) 28 facilities outside the U.S. (14 on-site) On-site advantages Single customer focus promotes productivity Close working relationships drive savings Uniquely Positioned for Success Long-term Relationships with Global Blue-chip Customers 1950s 1960s 1970s 1980s 1990s 2000s Unparalleled Technology Leader with Long History of Innovation 80% of products utilize proprietary technology 200 professionals dedicated to research and development and technology Technology driven growth Hot fill/retort Multi-layer/active barrier Light-weighting Post consumer resin (PCR) 2006-2007 Design/ Utility Patents Obtained Sustainability/logistics benefits Reduced working capital needs

Leader in Sustainability Efforts Across the Industry On-site Model Lightweight Bottles Recycled Content Innocent is a high end smoothie beverage in Europe Graham and Innocent were the first to use 100% recycled PET bottle for food in Europe Graham and All introduced the new bottle in response to the liquid laundry concentrate conversion Saves water, freight (diesel, truckloads), resin, and labor Graham has 27 on-site facilities globally out of 84 total plants Leverage experience with on-site plants to reduce GHG emissions from freight and energy

Attractive Margins in the Packaging Industry LTM EBITDA Margin as of March 31, 2008 (1) (1) EBITDA adjusted to exclude non-cash pension income. (2) Margin as of December 31, 2007. (2) (2) LTM EBITDA - Capex Margin as of March 31, 2008 (1) (2) (2)

Margin Stability through Resin Cycles Raw Materials Key raw material input is plastic resin - PET, HDPE Contractual pass-through of movements in resin costs Resin Price Environment Resin prices have increased dramatically over the past 12 months PET up 19% HDPE up 35% Graham has maintained its margin profile despite these increases Other plastic packaging companies (mainly flexibles) have suffered margin erosion Graham Management Approach Multiple suppliers of key resins Conservative approach to resin purchasing - not interested in "resin trading gains"

Significant Growth Opportunities Emerging Growth Mature Plastic Sales Recent Wins Strategic Partnership Win in Poly/ Nutritional Beverage Wins in South America Wins in the Household/ Chemical Market Focus on converting and growing new products lower on the maturity curve Many mature segments in the U.S. have significant growth abroad

$200+ Million of New Business Wins Secured Year-to-Date Examples of Key Growth Levers Lightweight bottles Help customers reduce total systems costs On-the-go packaging Innovate to help our existing and new customers grow China India Latin America Eastern Europe Emerging markets Enter new geographies Lever Focus Area Examples

Strategic Initiatives New Management focused on results Established culture of accountability Enhanced systems to facilitate data-driven decision making (COPA) Delivered on key operational objectives Solidified global reputation as industry technology and innovation leader Established the foundation for profitable growth Adjusted EBITDA Margin Improvement +146 bps +141 bps Earnings Improvement Plan (EIP) driving bottom line growth Customer strategies / contract pricing Procurement Plant actions & operational improvements SG&A / lean organization Growth Initiatives Innovation & technology Unique manufacturing capabilities

Financial Overview

Historical Financial Performance Sales ($ in Millions) Adjusted EBITDA (1) ($ in Millions) CapEx ($ in Millions) Free Cash Flow (2) ($ in Millions) Note: LTM as of March 31, 2008. (1) Defined as EBITDA adjusted to exclude reorganization and other non-recurring items as disclosed in Graham's public filings. (2) Defined as Adjusted EBITDA - CapEx. Management Change Management Change Management Change Management Change EBITDA EBITDA Margin CapEx CapEx as % of Sales

Strong EBITDA Driven by Profitable Growth Focus on pruning unprofitable business expected to improve EBITDA margin over ~140bps from 2007 to 2008 2008E EBITDA expected to grow 5% despite a 3% decline in Revenue Business wins booked 2008YTD drive revenue growth of 5% in 2009 Note: 2008 and 2009 revenue forecast reflects management's resin price assumption as of January 2008. (1) Defined as EBITDA adjusted to exclude reorganization and other non-recurring items as disclosed in Graham's public filings. 2007 2008 2008 2009 2009 ($ in Millions) Actual Forecast Growth Forecast Growth Food & Beverage $1,291 $1,289 0% ~$1,400 9% HCA $ 634 571 (10) ~530 (7) PCS $ 215 180 (16) ~200 11 Europe $ 279 285 2 ~290 2 South America $0 76 91 20 ~105 15 Total Revenue $2,493 $2,415 (3%) ~$2,525 5% Total Adj. EBITDA (1) 431 452 5% Adj. EBITDA Margin 17.3% 18.7% 141bps Revenue

Capital Spending More practical, business-driven capital spending philosophy Achieving savings by rationalizing existing suppliers and qualifying new suppliers Implementing on-line bidding for equipment and services Identifying and utilizing idle assets/equipment Designing equipment/lines based on specific business needs Utilizing lower-cost global resources Asian equipment and Eastern European engineering capabilities Centralizing CapEx efforts to achieve efficiencies Capital Spending Trend ($ in Millions)

Significant Free Cash Flow Opportunity to Drive Value Creation ($ in Millions) LTM 3/31/08 Adjusted EBITDA (1) $440 CapEx (155) Cash Interest (2) (170) Cash Taxes (15) Free Cash Flow $100 Financial Objectives Top line growth of 3% to 5% annually EBITDA growth of 5% annually Cash flow in excess of $100 million annually ROCE in excess of 20% (1) Defined as EBITDA adjusted to exclude reorganization and other non-recurring items as disclosed in Graham's public filings. (2) Pro forma for $156 million debt paydown at close.

Unique Opportunity to Partner Alongside Hicks and Blackstone in Taking Graham Public HAC's Investment Rationale for Graham Premium Asset in the Packaging Industry Technology and innovation leader with leading market positions Long-standing relationships with blue chip global consumer products companies Industry leading EBITDA margins in plastic containers New World-Class Senior Management Team Installed in December 2006 New culture of accountability Data-driven decision-making Commitment to profitable growth Nearly 300 basis point improvement in EBITDA margin from 2006 to 2008E Significant Upside to New Investors Large and stable profit base with $450 million+ of EBITDA Global growth opportunities with multi-national customers Continued margin enhancement through efficiency gains and cost take-out Strong free cash flow to support considerable earnings growth through deleveraging

Appendix

Benchmarking 2008E EBITDA Margin Source: Company filings and guidance and consensus estimates. Note: Peer benchmarking include AptarGroup Inc. (ATR), Ball Corporation (BLL), Crown Holdings (CCK), Owens-Illinois (OI) and Silgan Holdings (SLGN). Note: All Graham numbers are pro forma for debt paydown at closing. For Graham, FV / 2008E EBITDA multiple is based on $9.80 price per share. Median excludes Graham Packaging. (1) Trading range based on weekly closing prices for the past 60 days. (2) Based on Graham's LTM 03/31/08 Covenant Compliance EBITDA and net debt as of March 31, 2008; pro forma for $156 million debt paydown at close. (3) Based on Graham's 2008E Covenant Compliance EBITDA and net debt as of December 31, 2008; pro forma for $156 million debt paydown at close. Median = 14.0% Net Debt / LTM EBITDA Median = 2.6x (2) 5.0x 2008E (3) 2008E EBITDA - CapEx Margin Median = 9.5% FV / 2008E EBITDA - 60 Day Trading Range (1) 60-day average multiple

EX-99.2

Exhibit 99.2

HICKS ACQUISITION COMPANY I, INC. TO COMBINE WITH GRAHAM PACKAGING IN
PARTNERSHIP WITH BLACKSTONE-LED GROUP IN $3.2 BILLION TRANSACTION

• Graham Packaging to Go Public Through Transaction with Special Purpose Acquisition Company

• Graham a Global Market Leader in Value-Added Custom Plastic Containers, Widely Regarded as the Technology and Innovation Leader in its Industry

• Blackstone to Maintain Largest Ownership Stake for Two Years

• Transaction Will Preserve Company’s Existing Capital Structure

DALLAS, June 30, 2008—Hicks Acquisition Company I, Inc. (AMEX: TOH) (“Hicks Acquisition”), a Dallas-based special purpose acquisition company (“SPAC”) founded and headed by Thomas O. Hicks, announced today that it has reached an agreement in principle—subject to execution of a definitive agreement, which is expected to be finalized in the next few days—pursuant to which Graham Packaging Holdings Co. (“Graham Packaging” or the “Company”) will go public through a transaction with Hicks Acquisition in partnership with The Blackstone Group and the Graham Group (together, the “Current Graham Equity Holders”). The transaction, valued at approximately $3.2 billion, is believed to be the largest ever between a SPAC and an industrial company.

Following completion of the transaction, the combined enterprise will be renamed Graham Packaging Company and will apply for listing on the New York Stock Exchange. Blackstone has agreed it will maintain the largest ownership stake for at least two years as it continues to play an important role in guiding the Company strategically and operationally.

Founded in 1972 and based in York, Pennsylvania, Graham Packaging, with 2007 net sales of approximately $2.5 billion, is a global technology and innovation leader in value-added blow-molded rigid plastic containers for the branded food and beverage, household, personal care/specialty and automotive lubricant industries. Approximately 90 percent of the Company’s sales are in product categories in which it holds the number-one market position. Reflecting the importance to its customers of high levels of manufacturing expertise and technological innovation, the Company estimates that 80 percent of its products make use of proprietary Graham Packaging technology.

Mr. Hicks, founder and Chairman of Hicks Acquisition, said: “After considering more than a hundred possible transactions, we’re tremendously pleased to have identified Graham Packaging as the right transaction for Hicks Acquisition, and to be partnering with Blackstone, whose senior partners I have had close business relationships with for many years, and the other Current Graham Equity Holders. Under the leadership since December 2006 of a new management team headed by Chairman and CEO Warren Knowlton and COO/CFO Mark Burgess, Graham Packaging has burnished its already-outstanding reputation as the technology and innovation leader in its industry’s high-value-added segment and has significantly improved its operational and financial performance. We look forward to completing the transaction and supporting the management team as they continue to create value for Graham Packaging’s customers,

2

continue to build a solid platform for profitable growth, and work to realize Graham Packaging’s full operational, financial and investment potential.”

Chinh Chu, a Graham Packaging board member and a Senior Managing Director at Blackstone, said: “Blackstone is pleased to partner with Tom Hicks and management for this next chapter of Graham Packaging as a public company.”

Warren Knowlton, Chairman and Chief Executive Officer of Graham Packaging, said: “We look forward to partnering with Tom Hicks and Blackstone, both of whom have long track records of value creation. Graham Packaging has made significant progress since December 2006. With the support of our new ownership group and our strong free cash flow from operations, we will continue to invest in and grow our business, pay down debt, accelerate our earnings growth, and meet the needs and expectations of our employees, customers, suppliers and stockholders.”

Graham Packaging is a market leader in value-added custom plastic containers, producing more than 20 billion container units annually at 83 manufacturing plants in North America, Europe and South America. It is the leading supplier of plastic containers for hot-fill juice and juice drinks, sports drinks, drinkable yogurt and smoothies, nutritional supplements, wide-mouth food, condiments, beer, liquid laundry detergent and motor oil.

The Company provides custom valued-added products to many of the world’s leading consumer product companies, including, among others, PepsiCo, Coca-Cola, Danone/Dannon, Ocean Spray, Heinz, Abbott, Arizona Beverages, Nestlé/Gerber, Anheuser-Busch, SAB Miller, Procter & Gamble, Unilever, Church & Dwight, Dial/Henkel, Clorox and Colgate.

The Company has an extensive global footprint and has led the industry in situating its manufacturing operations on or near the customer’s premises. A third of the Company’s plants employ an on-site manufacturing strategy. “We believe our collocation strategy enhances coordination with our customer base and is the cornerstone of improved sustainability for our customers and for us,” said Mr. Knowlton.

Details of the Transaction
Graham Packaging will go public through the transaction with Hicks Acquisition. In connection with the transaction, the current stockholders of Graham Packaging will receive $350 million of cash held in trust, 35.0 million common shares, and 2.8 million warrants upon completion of the transaction. The purchase consideration includes a transfer of value to the Current Graham Equity Holders of approximately 2.8 million Founder’s shares and warrants. In exchange, the Hicks-led sponsor will retain, through a series of transactions, Earnout Units, the shares of which have a trigger price of $13.75 and the warrants of which will become exercisable at a strike price of $10.00 and a trigger price of $15.00.

The transaction has been structured to preserve Graham Packaging’s existing capital structure and does not breach, or result in a default under, the Company’s existing credit facilities or constitute a “change of control” under the indentures of the Company’s existing senior and senior subordinated notes issues.

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Hicks Acquisition’s existing public stockholders along with Mr. Hicks will own approximately 66 percent of Graham’s common shares outstanding after the completion of the transaction. The Current Graham Equity Holders, led by Blackstone, will remain in the aggregate the Company’s largest shareholder, with approximately 34 percent of the common shares outstanding, and will continue to play an important role in guiding the Company. The aforementioned common stock ownership percentages are calculated as basic ownership and exclude warrants and options from the ownership calculation. The existing management team, including Chairman and CEO Warren Knowlton and COO/CFO Mark Burgess, will continue to lead the Company. Completion of the transaction is subject to expiration or early termination of the applicable Hart-Scott-Rodino waiting period, Hicks Acquisition stockholder approval and other customary closing conditions, and is expected to occur later this year.

Hicks Acquisition was advised with regard to the transaction by Citi and the law firm of Akin Gump Strauss Hauer & Feld LLP. Houlihan Lokey served as a financial advisor to the independent directors of Hicks Acquisition. Graham Packaging was advised with regard to the transaction by Deutsche Bank Securities Inc., Blackstone Advisory Partners, and the law firm of Simpson Thacher & Bartlett LLC.

Necessary Steps for Consummation of the Transaction
As provided in Hicks Acquisition’s certificate of incorporation, each holder of Hicks Acquisition’s common stock has the right to convert such holder’s shares into cash if such holder votes against the transaction, elects to exercise such holder’s conversion rights and the transaction is approved and completed.

Hicks Acquisition cannot complete the transaction unless (1) a majority of the shares issued in the initial public offering cast at the stockholders’ meeting are voted in favor of the transaction; (2) holders of no more than 16,559,999 shares of common stock (such number representing 30 percent minus one share of the 55,200,000 shares of Hicks Acquisition issued in the initial public offering) vote against the transaction and exercise their conversion rights to have their shares converted into cash; and (3) certain other customary conditions are satisfied.

All of Hicks Acquisition’s initial stockholders have agreed to vote an aggregate of 13,800,000 shares, or 20.0% of Hicks Acquisition’s outstanding common stock, issued to them prior to the initial public offering in accordance with the vote of the holders of a majority of the shares issued in the initial public offering and have agreed to vote any of shares acquired in or following the initial public offering in favor of the transaction.

About Hicks Acquisition Company I, Inc.
Hicks Acquisition is a special purpose acquisition company, launched in October 2007 in an initial public offering that was at the time, at $552 million of gross proceeds, the largest SPAC IPO. Founded by Thomas O. Hicks, Hicks Acquisition was formed for the purpose of acquiring, or acquiring control of, through a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination, one or more businesses or assets. It currently has no operating businesses.

About The Blackstone Group
Blackstone (NYSE: BX) is one of the world’s leading investment and advisory firms with total assets under management of approximately $113 billion. Blackstone seeks to

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create positive economic impact and long-term value for its investors, the companies it invests in, the companies it advises and the broader global economy. Blackstone accomplishes this through the commitment of its extraordinary people and flexible capital. Blackstone’s alternative asset management businesses include the management of corporate private equity funds, real estate funds, hedge funds, funds of funds, debt funds, collateralized loan obligation vehicles (CLOs) and closed-end mutual funds. The Blackstone Group also provides various financial advisory services, including mergers and acquisitions advisory, restructuring and reorganization advisory and fund placement service. Further information is available at www.blackstone.com.

Conference Call
Hicks Acquisition and Graham Packaging will host a conference call for analysts, investors and other interested parties on Monday, June 30, 2008, at 10 a.m. Eastern Time (ET) to discuss the transaction. To participate, please call the toll-free number 1-877-719-9799 (U.S. callers only) or, from outside the U.S., 1-719-325-4768. For those unable to participate in the live call, a replay of the call will be available toll-free at 1-888-203-1112 (U.S. callers only), or at 719-457-0820 (callers outside the U.S.). The passcode for the replay is 8752864. To help ensure the conference begins in a timely manner, please dial in 5 to 10 minutes prior to the scheduled start time.

Slides complementary to the presentation are available at the Securities and Exchange Commission (the “SEC”) website (www.sec.gov) as part of the Current Report on Form 8-K filed by Hicks Acquisition.

No Assurances
There can be no assurance that the transaction will be completed, nor can there be any assurance, if the transaction is completed, that the potential benefits of combining the companies will be realized. The description of the transaction contained herein is only a summary and is qualified in its entirety by reference to the definitive agreement relating to the transaction, a copy of which will be filed by Hicks Acquisition with the SEC as an exhibit to a Current Report on Form 8-K.

Hicks Acquisition Contacts:	Roy Winnick or Mark Semer
	Kekst and Company
	212-521-4842 or 4802
	roy-winnick@kekst.com
	mark-semer@kekst.com
Blackstone Group Contact:	Peter Rose
	212-583-5871
	rose@blackstone.com
Graham Packaging Contact:	Donald C. Sarvey
	Editorial Enterprises, Inc.
	717-236-7716
	editorialenterprises@earthlink.net

Additional Information about the Transaction and Where to Find It
In connection with the transaction, Graham Packaging will file with the SEC a Registration Statement on Form S-4 that will include a proxy statement of Hicks

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Acquisition and that will constitute a prospectus of Graham Packaging. Hicks Acquisition will mail the proxy statement/prospectus to its stockholders. Before making any voting decision, Hicks Acquisition urges its investors and security holders to read the proxy statement/prospectus regarding the transaction when it becomes available because it will contain important information. Hicks Acquisition stockholders may obtain copies of all documents filed with the SEC regarding the transaction, free of charge, at the SEC’s website (www.sec.gov) or by directing a request to Hicks Acquisition at 100 Crescent Court, Suite 1200, Dallas, TX 75201.

Participants in the Solicitation
Hicks Acquisition and its directors and officers may be deemed participants in the solicitation of proxies to Hicks Acquisition’s stockholders with respect to the transaction. A list of the names of those directors and officers and a description of their interests in Hicks Acquisition is contained in Hicks Acquisition’s annual report on Form 10-K for the fiscal year ended December 31, 2007, which was filed with the SEC, and will also be contained in the proxy statement/prospectus regarding the transaction when it becomes available. Hicks Acquisition’s stockholders may obtain additional information about the interests of the directors and officers of Hicks Acquisition in the transaction by reading the proxy statement/prospectus and other materials to be filed with the SEC regarding the transaction when such information becomes available.

Information Concerning Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. Forward-looking statements in this presentation include matters that involve known and unknown risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. Such risk factors include, among others: uncertainties as to the timing of the transaction, approval of the transaction by Hicks Acquisition’s stockholders; the satisfaction of closing conditions to the transaction, including the receipt of regulatory approvals; costs related to the transaction; the competitive environment in the industry in which Graham Packaging operates; the diversion of management time on transaction-related issues; general economic conditions such as inflation or recession; Graham Packaging’s ability to maintain margins due to future increases in commodity prices; Graham Packaging’s loss of large customers; operating Graham Packaging as a public company; Graham Packaging’s continuing net losses; the terms of Graham Packaging’s debt instruments, which restrict the manner in which Graham Packaging conducts its business and may limit Graham Packaging’s ability to implement elements of its business strategy; Graham Packaging’s indebtedness, which could adversely affect Graham Packaging’s cash flow; that despite Graham’s current levels of indebtedness, Graham Packaging may incur additional debt in the future, which could increase the risks associated with Graham Packaging’s leverage; Graham Packaging’s recovery of the carrying value of its assets; Graham Packaging’s exposure to fluctuations in resin prices and its dependence on resin supplies; risks associated with Graham Packaging’s international operations; Graham Packaging’s dependence

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on significant customers and the risk that customers will not purchase Graham Packaging’s products in the amounts expected by Graham Packaging under their requirements contracts; that the majority of Graham’s sales are made pursuant to requirements contracts; Graham Packaging’s ability to develop product innovations and improve Graham Packaging’s production technology and expertise; infringement on Graham Packaging’s proprietary technology; risks associated with environmental regulation and liabilities; Graham Packaging’s dependence on key management and its labor force and the material adverse effect that could result from the loss of their services; risks associated with a significant portion of Graham Packaging’s employees being covered by collective bargaining agreements; Graham Packaging’s dependence on blow molding equipment providers; market conditions for Graham Packaging’s products; the inability to maintain growth rates; and the related impact on revenue, net income and fund inflows/outflows. Actual results may differ materially from those contained in the forward-looking statements in this press release. Hicks Acquisition and Graham Packaging undertake no obligation and do not intend to update these forward-looking statements to reflect events or circumstances occurring after the date of this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.