AR expands in Africa

AR Packaging Group will acquire all outstanding shares in Nampak Cartons Nigeria.

Nampak Cartons Nigeria is one of the leading carton packaging companies in Nigeria. The company serves a broad market of primarily multinational customers in the tobacco and food segments from its production facility in Ibadan, Oyo State.

Currently, the company employs approximately 200 personnel. Nampak Cartons Nigeria was established in 2004 by a subsidiary of Nampak Limited, a Johannesburg Stock Exchange listed packaging company with more than 45 facilities worldwide.

“With the acquisition of Nampak Cartons Nigeria, we have taken an important first step towards establishing a footprint in the African market,” says Harald Schulz, president and CEO of AR Packaging.

“We are very pleased to have found such a competent partner for our global growth ambitions, and we will now be able to serve our multinational customer base on three continents. Together with the highly experienced management team of Nampak Cartons Nigeria, we are convinced that we will be able to deploy true growth opportunities in Nigeria and more broadly in Africa.”

Completion of the acquisition is subject to customary closing conditions, including local regulatory approvals.

Headquartered in Sweden, AR Packaging is one of Europe’s leading companies in the packaging sector with net sales of approximately €600 million ($673.58 million), 3,300 employees and 19 factories in eleven countries.