PRESS RELEASE
April 30, 2015
AR PACKAGING ANNOUNCES COMPLETION OF THE ACQUISITION OF EUROPEAN TOBACCO AND GENERAL PACKAGING OPERATIONS FROM MWV
ÅR Packaging Group AB is pleased to announce the closing of the previously announced acquisition of the European tobacco, chocolate confectionery and general packaging operations from MeadWestvaco Corporation. The transaction has been successfully completed today and the business will be consolidated as from May 1st, 2015.
The acquired operation includes three plants in Graz, Austria, Krakow, Poland, and Moscow, Russia, and certain additional carton business and related machinery in Svitavy, Czech Republic. AR Packaging will operate the acquired business under the A&R Carton brand.
"We are happy to finalise this strategic move for AR Packaging where we establish an even stronger position as one of the leaders in the tobacco segment while enhancing the strategic position of key accounts in the confectionery and consumer goods segments. We elevate AR Packaging to a top three position in the European folding carton market with a total group net revenue of approximately 550 million EUR" says Harald Schulz, CEO of AR Packaging. "I look very much forward to integrating the newly acquired operations. This is an important milestone in realizing our growth strategy in selected market segments."
For further information please contact:
Harald Schulz, CEO, ÅR Packaging Group AB
Phone +49 6192 406 100, email harald.schulz@ar-packaging.com
Niclas Nyström, CFO, ÅR Packaging Group AB
Phone +46 701 44 56 64, email niclas.nystrom@ar-packaging.com
About AR Packaging
AR Packaging is one of Europe's leading companies in the packaging sector. After the acquisition of the European tobacco, chocolate confectionery and general packaging operations from MeadWestvaco Corporation the Group will have a turnover of EUR 550 million and 2 300 employees in 17 factories in nine countries. The head office is situated in Lund, Sweden.
AR Packaging was formed in 2011 as a merger of A&R Carton, one of Europe's leading carton board packaging groups and Flextrus, a leader in northern Europe within flexible packaging. The group creates added value to customers by a broad product offering and deep knowledge of packaging. AR Packaging has an objective to grow both organically and by way of acquisitions aiming at an IPO.
www.ar-packaging.com
AR Packaging acquisition of European operations from MWV completed http://hugin.info/160914/R/1917501/685928.pdf
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