AR Packaging completes its strategic acquisitions of rlc packaging group and Nampak Cartons Nigeria
Following customary closing conditions and local regulatory approvals, AR Packaging announces the completion of the acquisition of rlc packaging group, including indirectly a significant share in BSC Drukarnia Opakowań S.A., and Nampak Cartons Nigeria Limited.
Through these acquisitions, AR Packaging continues its successful growth development in line with the strategic plan to expand in selected segments and geographies. AR Packaging elevates to a leading market position also in the healthcare, pharma and beauty segment. The acquisition of the Nigerian operation is an important first step to establish a footprint in the African market and the Group now has the capability to serve its multinational customers from three continents.
AR Packaging is also pleased to having acquired 24.1% of the shares indirectly owned by the management of BSC Drukarnia Opakowań. Thereby the Group now owns 60.8% of this Polish company. The experienced management of BSC will remain in current positions as a valued assurance of continued successful development of the company.
“We are very pleased to having received full clearance on the acquisitions and warmly welcome the new companies in our group. This is a very important step in the development of AR Packaging which will now encompass 28 plants in thirteen countries with 5,500 highly experienced employees”, says Harald Schulz, President and CEO of AR Packaging. “The customers of rlc packaging, BSC and Nampak will benefit from our Group’s unique product portfolio including multi substrate packaging for a wide range of applications”.
All acquired entities will be operating under the name AR Packaging and the integration is in full progress together with the highly experienced local management teams.
For more information, please contact:
Harald Schulz, President and CEO, firstname.lastname@example.org
Niclas Nyström, CFO, email@example.com
AR Packaging is one of Europe’s leading companies in the packaging sector with net sales of more than EUR 900 million, 5,500 employees and 28 factories in thirteen countries. AR Packaging is a group of specialised companies A&R Carton, Flextrus, CC Pack, SP Containers and AR Packaging Digital. The head office is located in Lund, Sweden. The Group creates added value to customers through a broad product offering and deep knowledge of carton based and flexible packaging. AR Packaging has an objective to grow both organically and by way of acquisitions. www.ar-packaging.com