AR Packaging to be acquired by CVC Capital Partners
By Canadian Packaging staffGeneral Corrugated Flexibles Paperboard Packaging Accent Equity Ahlstrom Capital AR Packaging CVC Capital Partners flexible packaging acquisition folding carton acquisition
Swedish packaging company one of the largest in Europe with factories in nine countries.
AR Packaging says that it has been acquired by CVC Capital Partners from current owners, investment firm Ahlstrom Capital and Nordic equity provider Accent Equity.
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, posting a 27 percent increase in net sales last year.
Headquartered in Lund, Sweden, the group is divided into three divisions: Branded Products, Barrier Packaging and Food Packaging. Its products and solutions are predominantly used for folding carton and flexible packaging, as well as machinery systems, packaging design and development. AR Packaging has long-standing customer relationships with many of the world’s leading consumer brands in the food and tobacco segments.
“We are on an exciting trajectory, building on last year’s strong performance and operational progress, and I would like to take this moment to thank Ahlstrom Capital and Accent Equity for their support over the last years,” says Harald Schulz, President and chief executive officer of AR Packaging. “We are now well placed for the next phase of our development and CVC’s expertise, financial resources and global network make them the perfect partner to help us achieve our long-term growth ambitions.”
About CVC Capital Partners
CVC Capital Partners is one of the world’s leading private equity and investment advisory firms. Founded in 1981, CVC today has a network of 24 offices and over 300 employees throughout Europe, Asia and the U.S. To date, CVC has secured commitments of over US$79 billion in funds from a diverse and loyal investor base, completing over 300 investments in a wide range of industries and countries across the globe, with an aggregate transaction value of over US$120 billion. More information at www.cvc.com.
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