Graphic Packaging Holding Company Announced Acquisition of AR Packaging
The deal brings together two leading providers of fiber-based consumer packaging solutions with long histories of innovation and creative packaging design.
SEATTLE (Scrap Monster): Graphic Packaging Holding Company has reached a definitive agreement with Graphic Packaging Holding Company to acquire AR Packaging Group AB for approximately $1.45 billion in cash. The transaction has already received unanimous approval from the Boards of Directors of Graphic Packaging and AR Packaging and is expected to close in 4-6 months, subject to regulatory approvals and other customary closing conditions.
The proposed acquisition is expected to add $1.1 billion in annual sales and $160 million in annual Adjusted EBITDA. The combined entity is expected to drive synergies totalling nearly $40 million over the three-year period following the closing of the transaction. The deal brings together two leading providers of fiber-based consumer packaging solutions with long histories of innovation and creative packaging design.
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BofA Securities serves as financial advisor, whereas DLA Piper serves as legal counsel to Graphic Packaging. The financial advisor and legal counsel to AR Packaging are Credit Suisse International and Roschier respectively.
AR Packaging is Europe’s second largest producer of fiber-based consumer packaging, with almost 25 converting facilities across Eastern and Western Europe.
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