Business
Private investor increases stake in A&R CartonJill Park, 8 June 2009Be the first to comment on this article Finnish private equity house Ahlstrm Capital has become the majority stakeholder in folding carton and converting equipment manufacturer A&R Carton. Ahlström is now responsible for driving A&R Carton, which is headquartered in Malm, Sweden, towards a target turnover of EUR 500m. Ahlström Capital president and chief executive Panu Routila said A&R Carton had significant potential thanks to the company’s focus on innovative and sustainable packaging and service. A&R Carton president and chief executive Per Lundeen said: “Ahlström Capital and the management have a common ambition to increase the business to EUR 500m annually over the next few years.” A&R Carton employs 1,800 people across 15 production plants, located in nine European countries. The company, whose net sales in 2008 amounted to EUR 357m, sells into Europe, the US and Asia. The company has a UK sales office in Sheffield. Speak Your Mind |
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