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Updated: January 27, 2020
AR Packaging Completes Its Acquisition of Nampak Cartons Nigeria
AR Packaging Completes Its Acquisition of Nampak Cartons Nigeria
By
Brand Spur
January 27, 2020
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Following customary closing conditions and local regulatory approvals, AR Packaging announces the completion of the acquisition of rlc packaging group, including indirectly a significant share in BSC Drukarnia Opakowań S.A., and Nampak Cartons Nigeria Limited.

Through these acquisitions, AR Packaging continues its successful growth development in line with the strategic plan to expand in selected segments and geographies. AR Packaging elevates to a leading market position also in the healthcare, pharma and beauty segment. The acquisition of the Nigerian operation is an important first step to establish a footprint in the African market and the Group now has the capability to serve its multinational customers from three continents.

AR Packaging is also pleased to have acquired 24.1% of the shares indirectly owned by the management of BSC Drukarnia Opakowań. Thereby the Group now owns 60.8% of this Polish company. The experienced management of BSC will remain in current positions as a valued assurance of continued successful development of the company.

“We are very pleased to having received full clearance on the acquisitions and warmly welcome the new companies in our group. This is a very important step in the development of AR Packaging which will now encompass 28 plants in thirteen countries with 5,500 highly experienced employees”, says Harald Schulz, President and CEO of AR Packaging. “The customers of rlc packaging, BSC and Nampak will benefit from our Group’s unique product portfolio including multi-substrate packaging for a wide range of applications”.

All acquired entities will be operating under the name AR Packaging and the integration is in full progress together with the highly experienced local management teams.

SOURCE:https://brandspurng.com/2020/01/27/ar-packaging-completes-its-acquisition-of-nampak-cartons-nigeria/