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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...

Graphic Packaging to acquire AR Packaging 14 May 2021 Expand Graphic Packaging has agreed to acquire AR Packaging, Europe’s second-largest producer of fibre-based packaging, for approximately $1.45 billion in cash. The proposed acquisition of AR Packaging is projected to add $1.1 billion in annual sales and $160 million in annual Adjusted EBITDA. In addition, the combination is expected to drive total synergies of $40 million over 36 months following close. The deal is scheduled to be immediately accretive to the company’s earnings per share and cash flow. Graphic Packaging hopes...