AR Packaging has started the process to prepare for an initial public offering (IPO). As part of The Group’s strategy for future growth, the main owner, an investment vehicle controlled by funds advised by affiliates of CVC Advisers International Svenska filial, has appointed advisors to investigate a potential public listing.
AR Packaging was founded in 2011 through the merger of A&R Carton and Flextrus. Performance has been strong in recent years with both organic growth and successful acquisitions. The Group reported more than €600 million of sales in 2017 and has around 3 200 employees across its 19 factories in 10 countries. Its wide product portfolio of consumer packaging is used by many blue-chip companies in the food, tobacco and healthcare sectors in Europe and to some extent in Asia.
“AR Packaging has experienced strong growth over recent years and is ready to explore options for its next phase of development”, says Harald Schulz, President and CEO of AR Packaging. “The core objective for an IPO is to further strengthen our ability to execute our growth strategy in selected segments, both in terms of operational development and geographical expansion.”
The aim of the IPO process is to have AR Packaging listed on NASDAQ Stockholm during 2019. After a potential listing, the Main Shareholder targets to remain as a significant owner of the Group.
