Graphic Packaging Holding Company to acquire AR Packaging from CVC for $1.45bn.

Graphic Packaging Holding Company, a provider of container packaging solutions, agreed to acquire AR Packaging, a provider of sustainable packaging solutions, from CVC, a private equity firm, for $1.45bn. "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 optimized 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," Harald Schulz, AR Packaging President and CEO.