Swedish packaging firm AR Packaging is set to be acquired by CVC Capital Partners, which will see 100 per cent of the company ownership transfer to the fund group from current owners Ahlström Capital and Accent Equity.
AR Packaging, which boasts three divisions – Branded Products, Barrier Packaging and Food Packaging – is a leading provider of folding-carton and flexible packaging. The company was founded in 2011, through the merger of A&R Carton and Flextrus.
Commenting on the deal, Harald Schulz, president and CEO of AR Packaging, said, “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 Ahlström Capital and Accent Equity for their support over the last years.
“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.”
A spokesperson for CVC Nordic said that it looked forward to deploying “CVC’s global resources and to work with AR Packaging’s management team and employees in achieving their vision for the future”.
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