AR Packaging Group AB, Sweden, this week closed the previously announced agreement with CVC Capital Partners to acquire the Group from Ahlstrom Capital and Accent Equity. 

Founded in 2011 through the merger of A&R Carton and Flextrus, AR Packaging is one of Europe's leading packaging companies with sales of approximately EUR 560 million (pro forma 2015) and 2,200 employees across 17 factories in nine countries. 

"We are excited to enter this next phase in the development of our company together with a strong and global owner," said Harald Schulz, president and CEO of AR Packaging. "CVC's expertise, financial resources, and network bring excellent support in achieving our set growth strategy."

CVC Capital Partners is a leading global private equity and investment advisory firm. Founded in 1981, CVC today has a network of 24 offices and more thanr 300 employees throughout Europe, Asia, and the U.S. To date, CVC has secured commitments of more than $79 billion in funds from a diverse and loyal investor base, completing more than 300 investments in a wide range of industries and countries across the globe, with an aggregate transaction value of over $120 billion.