Atlas Holdings’ portfolio company ASG, a specialty-packaging manufacturer, has acquired the Bydgoszcz, Poland-based beauty and personal care folding carton business of MeadWestvaco Corporation (MWV).
Terms of the transaction have not been disclosed.
Bydgoszcz is an important supplier of packaging to major global and regional consumer goods companies, including cosmetics and beauty brands. ASG, already one of the largest packaging suppliers for the home entertainment industry, will leverage the Bydgoszcz operation’s assets to expand its footprint in the European consumer-packaging market.
The acquisition is part of ASG’s multi-year strategy to develop additional packaging solutions for the beauty and personal care, spirits, confectionery, and healthcare markets.
“In bringing Bydgoszcz into our group, we increase our level of technical capability, experience, and knowledge of consumer markets,” says Tony Garnish, ASG’s chief executive – Europe. “We look forward to cultivating new opportunities while continuing to deliver first-class solutions for our current clients.”
All 320 of the current employees will continue working at the Bydgoszcz facility.
