ASG has acquired the Bydgoszcz, Poland-based beauty and personal care folding carton business of MeadWestvaco Corporation. Terms of the transaction were not 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 multiyear strategy to develop additional world-class packaging solutions for the beauty and personal care, spirits, confectionery, and healthcare markets.
All 320 of the current employees will continue working at the Bydgoszcz facility, said ASG, which is a portfolio company of Atlas Holdings LLC, is a specialty-packaging company.