Ahlström Capital, Accent Equity Form New European Packaging Group
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Ahlström Capital, Helsinki, Finland, and the Accent Equity, Stockholm, Sweden, investment fund are combining their operations in the packaging industry to form a new group to be known as Arch Packaging Group AB. The merger strengthens the competitiveness of the constituent companies, A&R Carton, a key European folding carton packaging company, and Flextrus, a leading flexible packaging provider in northern Europe, which will continue to operate in the market as separate companies and brands. The change is a step in the direction of a possible future IPO.
Arch Packaging will have an annual turnover of about EUR 500 million and 2,000 employees at 18 factories in 8 countries in Europe. The Group will be headquartered in Malmo, Sweden. A&R Carton's President and CEO Per Lundeen will be CEO, and Flextrus's CEO Per Nystrom will be deputy CEO.
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