Sweden AR Packaging acquires Indonesian packaging companies

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Photo by AR Packaging

JAKARTA (TheInsiderStories) – Sweden’s AR Packaging Group AB announced that it has entered into a binding agreement with PT Maju Jaya Sarana Grafika for the acquisition of a significant majority stake in the company. Adrian Koesnendar, CEO and co-owner of the family business, will continue to own the remaining shares.

In January 2016, AR Packaging and Maju Jaya announced a strategic partnership with the objective to cooperate in manufacturing, procurement, sales and marketing. The partnership has now been further enhanced with the equity investment of AR Packaging.

“We have worked very closely with the company in recent months and we are convinced that together we will be able to provide the best possible service to both our local and multi-national customers going forward,” says Peter Aichhorn, COO Branded Products of AR Packaging in a press statement.

Harald Schulz, CEO of AR Packaging, adds: “The acquisition of Maju Jaya is an important step to implement our expansion strategy outside of Europe. We view a South East Asian platform to be the natural first step in our global aspiration in selected segments.”

“Becoming a member of AR Packaging will strengthen our commitment and capabilities to serve the customers in the best way”, says Adrian Koesnendar, CEO of Maju Jaya Sarana Grafika.

Completion of the transaction will be subject to customary closing conditions.

Maju Jaya is one of the leading Indonesian packaging companies with a majority of the customer base in the tobacco and food segments. The company has two production sites in Bekasi, West Java and Semarang, Central Java.

AR Packaging is one of Europe’s leading companies in the packaging sector with a turnover of some EUR560 million (pro forma 2015) and 2 200 employees in 17 factories in nine countries. AR Packaging was formed in 2011 and creates added value to customers by a broad product offering and deep knowledge of packaging.

The post Sweden AR Packaging acquires Indonesian packaging companies appeared first on The Insider Stories.

Source: The Insiderstories
Sweden AR Packaging acquires Indonesian packaging companies

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