ÅR Packaging Group AB is pleased to announce the closing of the previously announced agreement with CVC Capital Partners to acquire the Group from Ahlstrom Capital and Accent Equity. The transaction has been successfully completed today.

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 MEUR (pro forma 2015) and 2200 employees across 17 factories in 9 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.”

Source : ar-carton.com