AR Packaging Acquires Maju Jaya Sarana Grafika
AR Packaging Group AB has announced it has signed a partnership deal with company Maju Jaya Sarana Grafika (MJSG) and acquired a majority stake in the company. Adrian Koesnendar, CEO and co-owner of MJSG, will continue to own the remaining shares.
Maju Jaya is one of Indonesia's leading packaging companies, with many clients in the food and tobacco industry. It has production sites in Bekasi and Semarang, in Java.
"We are very satisfied to have found such a competent partner in Maju Jaya”, said Peter Aichhorn, COO Branded Products for AR Packaging. "We have worked very closely with the company in recent months and we are convinced that together we will be able to provide the best possible service, to both our local and multi-national customers, going forward."
"Becoming a member of AR Packaging will strengthen our commitment and capabilities to serve the customers in the best way," said Maju Jaya CEO Adrian Koesnendar, adding, "Access to new innovations and technologies will enable us to compete on the global market."
© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Martha Sparrius. To subscribe to ESM: The European Supermarket Magazine, click here.