Weidenhammer Packaging Group to acquire A&R Carton Lund and Flextrus
The Weidenhammer Packaging Group (WPG) has successfully concluded negotiations with AR Packaging Group (AR) on the purchase of AR's subsidiaries A&R Carton Lund and Flextrus.
The Weidenhammer Packaging Group (WPG) has successfully concluded negotiations with AR Packaging Group (AR) on the purchase of AR's subsidiaries A&R Carton Lund and Flextrus.
Accordingly, at the end of this year, the WPG will take over the AR's sites in Lund and Halmstad, Sweden, and in Highbridge, UK, which represent a total of 400 employees.
As part of the acquisition, the WPG will receive the production rights to AR Packaging's Cekacan cans, a packaging solution for products such as powdered milk, coffee and cocoa.
"This acquisition is of considerable strategic importance for our Group," said Ralf Weidenhammer, managing director of the WPG. "It will allow us not only to further expand our position on the global packaging market, but at the same time to gain new customers and enter new markets."
The two parties expect to have completed the transaction by the end of the year and have mutually agreed not to disclose the agreed-upon price.
Source: Weidenhammer Packaging Group
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