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Graphic Packaging obtained all mandatory regulatory approvals to acquire fiber-based packaging maker AR Packaging in a US$1.45 billion cash deal first announced in May 2021.
Graphic Packaging agreed to acquire AR Packaging Group, Europe's second largest fiber-based consumer packaging producer, from CVC Capital Partners funds for approximately $1.45 billion in cash, announced May 14, 2021.
AR Packaging acquired folding cartons specialist Firstan Holdings, reported on January 18, 2021.
AR Packaging Group, a Swedish packaging services provider, acquired Istragrafika, a Croatian manufacturer of cartons for tobacco, food and consumer goods, for an undisclosed sum. Istragrafika was integrated on 1 January 2019.
Property owner Lund Waterfront Packaging Districts and ÅR Carton agreed to extend the lease keeping ÅR Packaging's Å&R Carton and Flextrus in Källby, Lund, until at least 2027. The companies employ over 400 people there.
A&R Carton, a unit of AR Packaging, signed a strategic partnership with Packages to jointly manufacture, sell and distribute cardboard packaging in Pakistan and neighbouring countries. The deal does not include a joint venture or equity stake.
