Graphic Packaging Holding Company announces completion of AR Packaging acquisition
We are pleased to announce that Graphic Packaging International has finalized its acquisition of AR Packaging, one of Europe's premier producers of fiber-based consumer packaging solutions. This acquisition is part of Graphic Packaging's mission to grow with valued customers in selected market segments, and it will enhance the combined group's global scale, innovation capabilities and value proposition for customers worldwide.
This is a transformational opportunity for Graphic Packaging's European business, complementing its existing western European footprint with the well-invested AR Packaging facilities in eastern Europe, central Europe and Scandinavia. The global footprint will also include stronger presence in Asia and Africa.
AR Packaging's successful development over the years is completed when becoming part of Graphic Packaging, and its skilled employees will get a long-term owner with an ideal strategic fit and aligned overall culture. The values and capabilities of AR Packaging will be further elevated and added to the Graphic Packaging offering.
The expanded geographical coverage and combined innovative expertise in sustainable packaging will enable us to serve both local accounts and multinational companies, fit to more market segments in an even better way.
About Graphic Packaging Holding Company
Graphic Packaging Holding Company (NYSE: GPK), headquartered in Atlanta, Georgia, is committed to providing consumer packaging that makes a world of difference. The Company is a leading provider of sustainable fiber-based packaging solutions for a wide variety of products to food, beverage, foodservice, and other consumer products companies. The Company operates on a global basis, is one of the largest producers of folding cartons and paper-based foodservice products in the United States, and holds leading market positions in coated recycled paperboard, coated unbleached kraft paperboard and solid bleached sulfate paperboard. The Company's customers include many of the world's most widely-recognized companies and brands. Additional information about Graphic Packaging, its business and its products is available on the Company's web site at www.graphicpkg.com
About AR Packaging Group AB
AR Packaging is one of Europe's leading companies in the packaging sector with net sales of approximately $1.1 billion, 5,000 employees and 30 factories in 13 countries. The Group offers a unique range of packaging solutions from its specialized plants. Added value is created to its customers through its broad product offering and deep knowledge of carton-based and flexible packaging. Business is registered in Lund, Sweden. www.ar-packaging.com