GPK - Graphic Packaging Holding acquires AR Packaging in $1.45B deal

Graphic Packaging Holding Company (GPK) strikes a deal to buy AR Packaging Group AB from CVC Funds for $1.45B.AR Packaging is described as Europe's second largest producer of fiber-based consumer packaging. Graphic Packaging says the combination enhances its global scale, innovation capabilities, and value proposition for customers throughout Europe and bordering regions.The combined company is expected to be uniquely positioned to capture continued organic growth opportunities across existing and new global customers and markets. By the numbers, the proposed acquisition of AR Packaging is expected to add $1.1B in annual sales and $160N in annual Adjusted EBITDA. Total synergies of $40M are anticipated over 36 months following the closing. The deal is also expected to be immediately accretive to earnings per share and cash flow. GPK +6.95% premarket to $20.74.Read more details on the acquisition

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Graphic Packaging Holding acquires AR Packaging in $1.45B deal