Graphic Packaging Holding Company and CVC Capital Partners Fund VI has announced an agreement under which Graphic Packaging will acquire AR Packaging Group AB for approximately USD 1.45 bn in cash, subject to customary adjustments.  The Atlanta, Georgia-based Graphic Packaging is a leading vertically-integrated provider of sustainable fiber-based consumer packaging solutions, while AR Packaging is Europe’s second largest producer of fiber-based consumer packaging.

The combination enhances Graphic Packaging’s global scale, innovation capabilities, and value proposition for customers throughout Europe and bordering regions. With a broad set of industry-leading packaging solutions, design expertise, and expanded geographic reach, the combined company will be uniquely positioned to capture continued organic growth opportunities across existing and new global customers and markets.