ÅR Packaging Group AB ihas confirmed the closing of the previously announced agreement with CVC Capital Partners to acquire the Group from Ahlstrom Capital and Accent Equity. The transaction was successfully completed on 13th September.
Founded in 2011 through the merger of A&R Carton and Flextrus, AR Packaging is one of Europe’s leading packaging companies with sales of approximately €560 million (pro forma 2015) and 2,200 employees across 17 factories in nine countries. The company has performed strongly in recent years and is now well placed for the next phase of its development.
“We are excited to enter this next phase in the development of our company together with a strong and global owner,” says Harald Schulz, President and CEO of AR Packaging. “CVC’s expertise, financial resources and network bring excellent support in achieving our set growth strategy.”
