AR Packaging acquired in £1bn deal
Doss: significant scale and cost efficiency benefits US-headquartered Graphic Packaging said the $1.45bn (£1.03bn) cash deal would boost its “global scale, innovation capabilities, and value proposition” for customers throughout Europe and bordering regions. AR Packaging is currently owned by private equity firm CVC. Graphic Packaging is pursuing a sustainability-driven business strategy through its Vision 2025 initiative, and president and CEO Michael Doss described AR as “a leader in the attractive and growing market for sustainable packaging in Europe”. “The large, distribut...
Source: printweek.com