Swedish company AR Packaging Group AB has announced its takeover by CVC Capital Partners, which has acquired the group from Ahlstrom Capital and Accent Equity.
AR Packaging was founded in 2011 and is one the leading packaging companies in Europe today, with sales of around €560 million per year. The fast-developing company has 17 factories in nine countries and employs 2,200 people.
"We are excited to enter this next phase in the development of our company, together with a strong and global owner," said Harald Schulz, president and CEO of AR Packaging. "CVC’s expertise, financial resources and network bring excellent support in achieving our set growth strategy."
© 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.