Weidenhammer Packaging Group to acquire A&R Carton Lund and Flextrus
Hockenheim / Lund, November08, 2013 – Today the Weidenhammer Packaging Group (WPG), Europe’s leading supplier of composite cans, composite drums and rigid plastic containers, successfully concluded negotiations with AR Packaging Group (AR), based in Lund, Swedenon the purchase of AR’s subsidiaries A&R Carton Lund and Flextrus. Accordingly, at the end of this year the WPG will take over the AR’s sites in Lund and Halmstad, Sweden, and in Highbridge, UK, which represent a total of ca. 400 employees.
As part of the acquisition, the WPG will receive the production rights to AR Packaging’s Cekacan® cans, a packaging solution for products like powdered milk, coffee and cocoa. “This acquisition is of considerable strategic importance for our Group,” explains Ralf Weidenhammer, Managing Director of the WPG. “It will allow us not only to further expand our position on the global packaging market, but at the same time to gain new customers and enter new markets.”
The two parties expect to have completed the transaction by the end of the year and have mutually agreed not to disclose the agreed-upon price.
About the Weidenhammer Packaging Group
With 12 production sites, 1,100 employees and annual sales of €245 million, the Weidenhammer Packaging Group is one of the world’s two leading suppliers of composite cans, composite drums and plastic containers. Founded in Hockenheim, Germany in 1955, the family-owned enterprise has evolved over the last 55 years to become a market and technology leader in its segment. Weidenhammer customers include international brand product manufacturers Nestlé, Unilever, Kelloggʼs, Mondelez, Rügenwalder Mühle, Imperial Tobacco and BAT. Further information is available on the Internet:www.weidenhammer.de/en/home.