Swedish firm AR Packaging has expanded its portfolio through the acquisition of Switzerland-based company K+D and advanced carton folding solutions provider rlc | packaging group Packaging.
As part of its strategy, the company is expanding its business in selected segments.
AR has bought all outstanding shares in K+D and has signed an agreement to buy rlc | packaging group Packaging. The company will also acquire a significant share in BSC Drukarnia.
The acquisitions will strengthen the company’s position in the healthcare, pharmaceuticals and beauty segments.
AR Packaging president and CEO Harald Schulz said: “We are excited to welcome these companies, which are a good fit for our group’s growth strategy.
“Together with our existing activities, it will put AR Packaging at a top-three position in Europe in the healthcare, pharma and beauty segments, served by 11 plants in six countries.
“The customers of K+D and, following completion, rlc | packaging group will benefit from our group’s unique product portfolio, including multi-substrate packaging.”
Specialising in pharmaceutical and cosmetics packaging, K+D provides GMP-compliant and counterfeit-proof carton board solutions.
With approximately 1,500 employees, rlc | packaging group Packaging operates four production facilities in Germany and one in Switzerland. The company holds a significant share in Poland’s BSC Drukarnia Opakowań.
rlc | packaging group Packaging managing partners Hans-Christian and Stephan Bestehorn said: “As a family business in its fifth generation, we have always focused on sustainable and long-term perspectives for our employees and a reliable relationship with our customers.”
The deal with rlc | packaging group Packaging is subject to customary closing conditions and other local regulatory approvals.
The two companies have not disclosed financial terms of the deal yet.
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