Apr 30, 2015. /Lesprom Network/. ÅR Packaging Group AB had completes the acquisition of the European tobacco, chocolate confectionery and general packaging operations from MeadWestvaco Corporation, as the company said in the press release received by Lesprom Network. 

The transaction has been successfully completed today and the business will be consolidated as from May 1st, 2015.

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.

“We are happy to finalise 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 Euro 550 million,” says Harald Schulz, CEO of AR Packaging.

AR Packaging Group is one of Europe’s leading companies in the packaging sector with a turnover of some Euro 424 million and 1 600 employees in 14 factories in 7 countries.