AR Packaging Acquires Folding Carton Producer Firstan in the UK
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AR Packaging announced that it has acquired Firstan Holdings Ltd, including its subsidiary Firstan Limited (Firstan), an independent folding cartons manufacturer in the UK with the capacity to produce over 1 billion cartons annually. Terms of the deal were not disclosed.
Firstan, with 140 employees, operates an 85,000 sq. ft. production facility located in Cambridgeshire and primarily serves the Pharmaceutical, Healthcare, Cosmetics and Food retail industries.
According to AR Packaging, the acquisition of Firstan now adds local manufacturing of folding cartons, and thereby enables a unique wide offering of multi-category packaging solutions mainly to the food and healthcare customers.
"It is with great pleasure we welcome the Firstan company and its employees to our AR Packaging family," said Harald Schulz, CEO and President of AR Packaging. "This addition is of significant strategic importance to strengthen our position on the UK market. Together with our existing two plants in the UK, Firstan provides an excellent platform for further growth in this important and fast-moving market."
Andrew Hartwig, previous majority shareholder and Managing Director of Firstan Holdings Ltd., added, "I am happy to see our company take the next step in its development and join AR Packaging. Our strategically located and well-invested facility will together with our skilled team add further capabilities to AR Packaging and we will together offer extended services to all UK customers."
