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AR Packaging invests Euro 3 million in newly acquired plants from MWV

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AR Packaging invests Euro 3 million in newly acquired plants from MWV

May 19, 2015 - 14:20

LUND, Sweden, May 13, 2015 (Press Release) - Following the newly completed acquisition of the European tobacco, chocolate confectionery and general packaging operations from MeadWestvaco Corporation, AR Packaging announces its plan to expand the plant in Krakow, Poland and invest in upgrading of machinery equipment at the plant in Graz, Austria.

This investment amounts to approximately 3 million EUR at the two plants and it will provide a further strengthened platform for competitive services to our customers and long-term sustainable business performance.

About AR Packaging

AR Packaging is one of Europe's leading companies in the packaging sector with a turnover of EUR 550 million and 2 300 employees in 17 factories in nine countries. The head office is situated in Lund, Sweden. AR Packaging was formed in 2011 as a merger of A&R Carton, one of Europe's leading carton board packaging groups and Flextrus, a leader in northern Europe within flexible packaging. The group creates added value to customers by a broad product offering and deep knowledge of packaging in selected segments. AR Packaging has an objective to grow both organically and by way of acquisitions aiming at an IPO.