• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Exclusives
    • Top Companies
    • Printing Inks
    • Raw Materials
    • Equipment
    • Directories
    • Events
    • Jobs
    • More
  • Magazine
  • News
  • Exclusives
  • Top Companies
  • Printing Inks
  • Raw Materials
  • Equipment
  • Directories
  • Events
  • Jobs
  • Current / Back Issues
    Features
    Columns
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    eBook
    Top Features
    2024 Buyers’ Guide

    The Raw Material Market Sees Some Stabilization in 2023

    The Digital Textile Market Continues to Expand

    The 2023 Asia-Pacific Ink Market

    Significance of Sustainability in the Printing Inks and Adhesives Industries
    Breaking News
    Distributor News
    Financial News
    Industry News
    Ink Manufacturers News
    Market Research
    Mergers and Acquisitions
    New Products
    Personnel
    Price Increases
    Printers News
    Suppliers News
    Live From Shows
    Video Bites
    Top News
    Chemistry and Sustainability – A Perfect Match: BASF

    Xeikon Highlights Digital Expertise at Labelexpo Asia

    Carbon Balance Program Certifies First Printer in North America

    Weekly Recap: Toyo Ink, DIC, Flint Group Top This Week’s Stories

    D3 Introduces Micro Particle Jetting Technology at Formnext 2023
    Whitepapers
    Glossary
    Top North American Companies
    Top International Companies
    Conductive Inks and Printed Electronics
    Graphic Arts Coatings
    Inkjet Inks and Toners
    Marking and Pad Printing Inks
    News Inks
    Packaging Flexo Inks
    Packaging Gravure Inks
    Publication Gravure Inks
    Publication Offset Inks
    Screen Inks
    Sheetfed Inks
    Specialty Inks
    UV and EB Inks

    Xeikon Highlights Digital Expertise at Labelexpo Asia

    Pacer Print Produces High Quality Labels with Epson SurePress L-6534VW UV

    Xerox Recognized in Quocirca’s 2023 Sustainability Leaders Report

    Flint Group Highlights EkoCure Dual Cure at Labelexpo Asia 2023

    ProAmpac Wins 2023 AmeriStar Award for Packaging Innovation
    Additives
    Energy-Curable Materials
    Flushed Colors and Pigments
    Metallics and Special Effects Pigments
    Resins
    Vehicles and Varnishes
    Waxes

    Program Set for 2024 RadTech UV+EB Technology Expo & Conference

    BASF Increases Defoamer Capacity at Plant in Turkey

    Orion S.A. Celebrates Opening of Second Plant in China

    Evonik and Circular Economy: At Least €1B in Additional Sales by 2030

    Arkema Reports Third Quarter 2023 Results
    Energy-Curing Equipment
    Mills and Mixers
    Testing, Color and QC

    ROSS Mixers Offers Trial Rental Program for R&D Scale Equipment

    Program Set for 2024 RadTech UV+EB Technology Expo & Conference

    BYK-Gardner Introduces byko-test 9500

    ROSS Ribbon Blenders Improve Powder Blending Efficiency

    Excelitas Technologies Appoints New CEO and CFO
    Buyers Guide
    Distributor Guide
    European Ink Directory
    U.S. Ink Directory
    International Buyers Guide Companies
    ROSS Mixers

    ChromaScape LLC

    Munzing

    ALVAR Inc. /ALVAR Resins, Inc

    Engineered Polymer Solutions
    Industry Events
    Live from Show Event
    Webinars
    Top Events
    Middle East Coatings Show 2024

    Labelexpo Americas 2024
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Columns
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Directory
      • Buyers Guide
      • Distributor Guide
      • European Ink Directory
      • U.S. Ink Directory
      • Trade Associations
    • Printing Inks
      • Conductive Inks and Printed Electronics
      • Graphic Arts Coatings
      • Inkjet Inks and Toners
      • Marking and Pad Printing Inks
      • News Inks
      • Packaging Flexo Inks
      • Packaging Gravure Inks
      • Publication Gravure Inks
      • Publication Offset Inks
      • Screen Inks
      • Sheetfed Inks
      • Specialty Inks
      • UV and EB Inks
    • Raw Materials
      • Additives
      • Energy-Curable Materials
      • Flushed Colors and Pigments
      • Metallics and Special Effects Pigments
      • Resins
      • Vehicles and Varnishes
      • Waxes
    • Equipment
      • Energy-Curing Equipment
      • Mills and Mixers
      • Testing, Color and QC
    • Top Companies
      • Top North American Companies
      • Top International Companies
    • Glossary
    • Online Exclusives
    • Slideshows
    • Expert's Opinion
    • Videos
    • Podcasts
    • eBook
    • Blog
    • Infographics
    • Whitepapers
    • Jobs
    • Supplier Microsites
      • Companies
      • Literature / Brochures
      • Whitepapers
      • Product Spec Sheets
      • Videos
      • Jobs
    • Events
      • Industry Events
      • Live From Show Events
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    Graphic Packaging to Acquire AR Packaging from CVC Funds for $1.45 Billion in Cash

    The proposed acquisition of AR Packaging is expected to add $1.1 billion in annual sales and $160 million in annual adjusted EBITDA.

    Graphic Packaging to Acquire AR Packaging from CVC Funds for $1.45 Billion in Cash
    05.17.21

    In huge merger news, Graphic Packaging will acquire AR Packaging Group AB, Europe's second-largest producer of fiber-based consumer packaging, for approximately $1.45 billion in cash, subject to customary adjustments.

     

    Graphic Packaging Holding Company and CVC Capital Partners Fund VI announced the definitive agreement, which will enhance Graphic Packaging's global scale, innovation capabilities, and value proposition for customers throughout Europe and bordering regions.

     

    The proposed acquisition of AR Packaging is expected to add $1.1 billion in annual sales and $160 million in annual adjusted EBITDA. The combination is expected to drive total synergies of $40 million over 36 months following close.

     

    “AR Packaging is a leader in the attractive and growing market for sustainable packaging in Europe,” said Michael Doss, Graphic Packaging's president and CEO. “The large, distributed footprint of AR Packaging's 25 converting facilities across Eastern and Western Europe provides significant scale and cost efficiency benefits, strengthening our combined presence and ability to service customers throughout Europe and globally."

     

    “The acquisition of AR Packaging expands our opportunities to serve and grow in markets around the world with our sustainable packaging solutions,” added Stephen Scherger, Graphic Packaging's EVP and CFO. "The combination, together with our previously announced acquisition of Americraft Carton, supports our growth goals and positions Graphic Packaging to consistently deliver organic sales growth at the high end of our 100 to 200 basis points goal as outlined in Vision 2025. The significant cash flow generation capability of the combination will drive strong returns and is expected to return Graphic Packaging to our long-term 2.5-3.0x target leverage range within 24 months following close."

     

    “I am proud of the progress we have made in establishing a clear strategy and building AR Packaging into a respected provider of packaging solutions,” said Harald Schulz, AR Packaging's president and CEO. "Graphic Packaging's shared approach to customer service and deep focus on providing innovative, sustainable solutions closely aligns with how we operate our own business, making them an ideal partner. The ability to leverage beneficial value chain integration, from paperboard manufacturing to carton converting, provides increased possibilities to offer sustainably optimized solutions to our customers. Our team looks forward to joining with the Graphic Packaging team to become the premier global provider of sustainable fiber-based packaging solutions."

     

    "We are very proud of the progress AR Packaging has made during our partnership. It has been a pleasure working with Harald and his excellent team to develop and roll out numerous new products, as well as investing to support an active M&A agenda to accelerate the growth of the business into a truly global player. We are pleased to be handing AR Packaging over in such a strong position and to have found a new owner that shares management's vision for the future direction of the business,” said Lave Beck-Friis, managing director at CVC.

     

    “The transaction, which has been unanimously approved by the Boards of Directors of Graphic Packaging and AR Packaging, is expected to close in four to six months, subject to regulatory approvals and other customary closing conditions.

    Related Searches
    • UV and EB Inks
    • Sheetfed Inks
    Related Knowledge Center
    • UV and EB Inks
    • Sheetfed Inks
    Suggested For You
    C. Withington Co., Inc. C. Withington Co., Inc.
    Pigments and Sustainability in the Ink Industry Pigments and Sustainability in the Ink Industry
    Huhtamaki Receives EcoVadis Gold Medal for Sustainability Performance in 2021 Huhtamaki Receives EcoVadis Gold Medal for Sustainability Performance in 2021
    Quad Names Kris Persons SVP of Direct Marketing Quad Names Kris Persons SVP of Direct Marketing
    Xerox Promotes Deena LaMarque Piquion to Chief Marketing Officer Xerox Promotes Deena LaMarque Piquion to Chief Marketing Officer
    Graphic Packaging’s ProducePack Reduces Apple Defects by 15% for BelleHarvest Graphic Packaging’s ProducePack Reduces Apple Defects by 15% for BelleHarvest
    Roland DGA Announces Launch of New VersaUV LEC2 S-Series UV Flatbed Printers Roland DGA Announces Launch of New VersaUV LEC2 S-Series UV Flatbed Printers
    Kornit Digital Announces Environmental, Sustainability Goals Kornit Digital Announces Environmental, Sustainability Goals
    IMCD US Pays Tribute to First Responders for the 20th Anniversary of 9/11 IMCD US Pays Tribute to First Responders for the 20th Anniversary of 9/11
    Meteor Inkjet Celebrates Growth with Significant Expansion of Facilitites Meteor Inkjet Celebrates Growth with Significant Expansion of Facilitites
    EFI Reggiani Launches Fastest High-Quality Scanning Digital Textile Printer EFI Reggiani Launches Fastest High-Quality Scanning Digital Textile Printer
    Demand for Sustainable Print Technologies Creates New Opportunities Demand for Sustainable Print Technologies Creates New Opportunities
    The Printing Ink Industry in India The Printing Ink Industry in India
    Tetra Pak Releases Its 22nd Annual Sustainability Report Tetra Pak Releases Its 22nd Annual Sustainability Report
    MCC Receives Silver Medal from EcoVadis for Sustainability Efforts MCC Receives Silver Medal from EcoVadis for Sustainability Efforts

    Related Buyers Guide Companies

    • C. Withington Co., Inc.

      ...
      C. Withington Co., Inc., C. Withington Co., Inc. 08.04.23

    • Flushed Colors and Pigments | Suppliers News | Sustainability
      Pigments and Sustainability in the Ink Industry

      Pigments and Sustainability in the Ink Industry

      Pigment industry executives discuss how pigments play a role in the ink industry's drive for sustainability.
      David Savastano, Editor 01.18.23

    • Breaking News | Printers News
      Huhtamaki Receives EcoVadis Gold Medal for Sustainability Performance in 2021

      Huhtamaki Receives EcoVadis Gold Medal for Sustainability Performance in 2021

      Company ranks in the top 5% of 75,000 rated companies around the world.
      09.22.21


    • Breaking News | Ink Manufacturers News | Personnel | Printers News
      Quad Names Kris Persons SVP of Direct Marketing

      Quad Names Kris Persons SVP of Direct Marketing

      Goal is to leverage Quad’s data personalization to drive measurable results for brands.
      09.21.21

    • Breaking News | Ink Manufacturers News | Inkjet Inks and Toners | Personnel | Printers News
      Xerox Promotes Deena LaMarque Piquion to Chief Marketing Officer

      Xerox Promotes Deena LaMarque Piquion to Chief Marketing Officer

      Former SVP and GM of Xerox Latin America operations to accelerate brand momentum.
      09.20.21

    Loading, Please Wait..
    Breaking News
    • Chemistry and Sustainability – A Perfect Match: BASF
    • Xeikon Highlights Digital Expertise at Labelexpo Asia
    • Carbon Balance Program Certifies First Printer in North America
    • Kongsberg Launches New Digital Cutting Platform
    • Weekly Recap: Toyo Ink, DIC, Flint Group Top This Week’s Stories
    View Breaking News >
    CURRENT ISSUE

    October 2023

    • 2024 Buyers’ Guide
    • The Digital Textile Market Continues to Expand
    • The 2023 Asia-Pacific Ink Market
    • The Raw Material Market Sees Some Stabilization in 2023
    • Significance of Sustainability in Printing Inks
    • Current Trends for Packaging and Packaging Printing in Europe
    • Innovation is at the Heart of Nur Ink’s Digital Inks
    • View More >

    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    Gencor’s PEA Ingredient Levagen+ May Offer Allergy Relief
    Tocotrienol Supplementation May Aid Liver Function in Diabetes, MASL Patients
    Euromed Receives EcoVadis Platinum Medal for ESG Efforts
    Coatings World

    Latest Breaking News From Coatings World

    BASF: Chemistry and Sustainability – A Perfect Match
    PPG Again Recognized Among Foundry’s Computerworld ‘Best Places to Work in IT in 2024’
    Dunn-Edwards Celebrates Opening of Santa Rosa, CA Storefront
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    Philips and Vanderbilt Show How Decarbonizing Healthcare Reduces Costs
    Philips Launches 3 New Fit for Purpose MR Smart Fit Coils
    Pulse Biosciences, CardioNXT Partner on First-in-Human Afib Study
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Absci, AstraZeneca Enter AI-Driven Oncology Alliance
    Fujifilm Invests $200M to Expand Cell Therapy Capabilities
    Applied StemCell Expands Leadership Team
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Varsity Spirit Introduces Beauty Line Inspired by and Designed for Athletes
    Amyris Sells Four Consumer Beauty Brands
    Anisa International Earns Silver Sustainability Rating from EcoVadis
    Happi

    Latest Breaking News From Happi

    Bath and Body Works Introduces Dessert-, Sweater- and Nature-Scented Candles For Holiday Season
    Hempz Debuts Limited Edition Holiday Collection
    Designs for Health Launches Two New Collagen Formulas
    Ink World

    Latest Breaking News From Ink World

    Chemistry and Sustainability – A Perfect Match: BASF
    Xeikon Highlights Digital Expertise at Labelexpo Asia
    Kongsberg Launches New Digital Cutting Platform
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    Lecta unveils new functional Metalvac papers
    Bunting announces leadership changes
    Avery Dennison achieves +Vantage Vinyl verification
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Bunting Magnetics Announces Personnel Appointments
    Mativ Completes Sale of Engineered Papers Business
    Mehmet Dasdemir Joins Nonwovens Institute
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    Precision Medical Technologies Rebrands
    Nalu SCS System Shows 75% Pain Reduction in U.S. Study
    CTL Amedica’s MONET ACIF Approved for Use in Mexico
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    NRF Announces FedEx CEO Raj Subramaniam as Keynote Speaker
    ams OSRAM Launches SFH 7018 Multi-LED Package
    Applied Materials Receives SBTi Validation

    Copyright © 2023 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login