AR acquires MWV’s European tobacco packaging operations

AR Packaging Group AB has acquired the European tobacco, chocolate confectionery and general packaging operations from MeadWestvaco Corp. The transaction was completed today and the business will be consolidated as from May 1.

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,” says Harald Schulz, CEO of AR Packaging

“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 [$557.95 million]. 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.”