Following customary closing conditions and local regulatory approvals, AR Packaging has completed its acquisitions of RLC Packaging Group, including indirectly a significant share in BSC Drukarnia Opakowan, and Nampak Cartons Nigeria.
Through these acquisitions, AR Packaging continues its development in line with the strategic plan to expand in selected segments and geographies. The acquisition of the Nigerian operation establishes a footprint in Africa and the group now has the capability to serve its customers from three continents.
AR Packaging has also acquired 24.1 percent of the shares indirectly owned by the management of BSC Drukarnia Opakowan. The group now owns 60.8 percent of the Polish company. BSC management will remain in place to ensure continuity in the business.
“We are very pleased to having received full clearance on the acquisitions and warmly welcome the new companies in our group,” said Harald Schulz, president and CEO of AR Packaging.
“This is a very important step in the development of AR Packaging, which will now encompass 28 plants in 13 countries with 5,500 highly experienced employees
“The customers of RLC Packaging, BSC and Nampak will benefit from our group’s unique product portfolio including multi substrate packaging for a wide range of applications”.
All acquired entities will be operating under the name AR Packaging.