Strategic move in folding carton marketAR Packaging acquires European tobacco operations from MWVÅR Packaging announced the completion
of the previously announced acquisition of the European tobacco,
chocolate confectionery and general packaging operations from
MeadWestvaco. The acquired operation includes three plants in Graz,
Austria, Krakow, Poland, and Moscow, Russia, and certain additional
carton business and related machinery in Svitavy, Czech Republic. AR
Packaging will operate the acquired business under the A&R Carton
brand.Harald Schulz, CEO, AR Packaging
“We are happy to finalize this
strategic move for AR Packaging where we establish an even stronger
position as one of the leaders in the tobacco segment while enhancing
the strategic position of key accounts in the confectionery and
consumer goods segments. We elevate AR Packaging to a top three
position in the European folding carton market with a total group net
revenue of approximately 550 million Euro,” says Harald Schulz,
CEO, AR Packaging. “I look very much forward to integrating the
newly acquired operations. This is an important milestone in
realizing our growth strategy in selected market segments.”
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