We advised Graphic Packaging International (GPI) in the acquisition of AR Packaging Group from CVC Capital Partners Fund VI. We advised the client in relation to Estonian law aspects of the deal, acting as local counsel through the Stockholm office of DLA Piper.

Significant value creation opportunities

Graphic Packaging, a leading vertically-integrated provider of sustainable fiber-based consumer packaging solutions, has signed an agreement to acquire AR Packaging Group, Europe’s second largest producer of fiber-based consumer packaging, for approximately USD 1.45 billion in cash, subject to customary adjustments.

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.

The transaction is expected to close in four to six months, subject to regulatory approvals and other customary closing conditions.

Sustainably optimised solutions

“Graphic Packaging’s shared approach to customer service and deep focus on providing innovative, sustainable solutions closely aligns with how we operate our own business, making them an ideal partner. The ability to leverage beneficial value chain integration, from paperboard manufacturing to carton converting, provides increased possibilities to offer sustainably optimised solutions to our customers. Our team looks forward to joining with the Graphic Packaging team to become the premier global provider of sustainable fiber-based packaging solutions,” said Harald Schulz President and CEO of AR Packaging.

“The acquisition of AR Packaging expands our opportunities to serve and grow in markets around the world with our sustainable packaging solutions,” added Stephen Scherger, EVP and CFO of Graphic Packaging.

Our client team and services

Our team advised the client on Estonian law aspects of the deal and conducted legal due diligence of AR Packaging. Our project team was led by of-counsel Isabella Barbara Tisenhusen, supported by partner Toomas Prangli. The core team was supported by associate Andra Grünberg and legal assistant Kadri Puu.

More information – here.