Creation of Arch Packaging Group to strengthen competitiveness of A&R Carton and Flextrus
Finland’s Ahlström Capital and Nordic private equity company Accent Equity 2008 investment fund are combining their operations to form a new business, Arch Packaging Group. It is hoped that the merger will strengthen the competitiveness of constituent companies A&R Carton, which specialises in folding cartons, and flexible packaging company Flextrus.
“The new group creates added value for customers via a broader offering and a deeper knowledge of packaging,” said Ahlström Capital’s Morten Ahlström. “The new ownership structure will give two strong companies with similar values greater resources to grow both organically and by acquisition.”
Jan Ohlsson of Accent Equity Partners, investment advisor to Accent Equity 2008, added: “A&R Carton and Flextrus will continue to do business as two separate companies on the market but will collaborate where this offers advantages. This will give the companies a stronger base for development of new innovative packaging solutions and in the ongoing restructuring of the packaging market.”
Arch Packaging Group, which will be headquartered in Malmö, Sweden, will have an annual turnover of €500m and employ 2,000 individuals in 18 factories across Europe.