CVC sells AR Packaging to trade for $1.45bn

The US-based trade buyer provides sustainable-fibre consumer packaging, and was bidding alongside Finnish company Huhtamäki, according to Mergermarket.

The acquisition enhances Graphic Packaging's global scale, innovation capabilities, and value proposition for customers throughout Europe and bordering regions, and is expected to add $1.1bn in annual sales and $160m in annual adjusted EBITDA.

The exit comes five years after the GP, via CVC Capital Partners Fund VI, acquired the company from Accent Equity Partners and Swedish investment group Ahlstrom Capital.

The deal is subject to customary adjustments and is expected to close in four to six months.

Company
Founded in 1929 and based in Lund, AR Packaging is a B2B provider of packaging services.

The company has sales of approximately $1.1bn, and employs 5,000 staff across 13 countries. It has 30 factories. 

People
CVC Capital Partners – Lave Beck-Friis (managing director).

Advisers
Equity – BofA Securities (financial due diligence); DLA Piper (legal).
Company – Credit Suisse (financial due diligence); Roschier (legal).

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