AR Packaging Acquires Istragrafika, d.d

AR Packaging Group AB acquired all outstanding shares in Istragrafika, d.d., a producer of folding carton products for the tobacco, food and consumer goods segments.
 
Istragrafika, headquartered in Kanfanar, Croatia, has a workforce of approximately 160 employees.
 
“AR Packaging has a strategic plan built on three pillars – further growth in Europe in selected business segments, global expansion with selected packaging solutions and further improved operational excellence and cost-efficiency. This approach has proven very successful and with the acquisition of Istragrafika we strengthen our presence and position further in selected segments,” said Harald Schulz, president and CEO of AR Packaging.
 
Istragrafika was established in 1956 and previously owned by TDR, a subsidiary of British American Tobacco plc.
 
AR Packaging consolidated the company Jan. 1, 2019.  No consideration will be disclosed.