Business News
Ahlström Capital Increases its holding in A&R Carton
Monday 08. June 2009 - Ahlström Capital and CapMan have agreed to change the ownership of A&R Carton, one of Europes leading manufacturers of folding cartons and packaging systems.
Ahlström Capital will become the majority shareholder by acquiring part of the shares held by funds managed by CapMan. Together with the management of A&R Carton, Ahlström Capital will take the lead in the future development of the company.
“A&R Carton has a strong position as a supplier to big pan-European brands. With its focus on supplying innovative and sustainable packaging of high quality and service the company has significant potential. We are looking forward to continued good cooperation for the benefit of A&R Carton,” says Panu Routila, President and CEO of Ahlström Capital.
Per Lundeen, President & CEO of A&R Carton, is confident about the future. “Now that Ahlström Capital takes the role of a lead investor, we can count on their continued active support and assistance on the various aspects of developing the company further. Ahlström Capital and the management have a common ambition to increase the business to 500 million euros annually over the next few years.”
The closing of the transaction is among other things subject to approval by competition authorities.