AR Packaging Group AB has entered into a definitive agreement with a subsidiary of Nampak Limited for the acquisition of all outstanding shares in Nampak Cartons Nigeria Limited, a producer of high quality folding carton products for the tobacco, food and consumer goods segments.
Completion of the acquisition is subject to customary closing conditions, including local regulatory approvals. The parties to the acquisition have agreed that no financial details will be disclosed.
Nampak Cartons Nigeria is one of the leading carton packaging companies in Nigeria. Currently, the company employs approximately 200 personnel.
