Divjak Topic & Bahtijarevic has advised AR Packaging Group AB on its acquisition of all outstanding shares in Istragrafika, d.d., a producer of high-quality folding carton products for the tobacco, food, and consumer goods industries, from Croatia's British American Tobacco subsidiary TDR. Cacic & Partners advised the buyers on the deal.
DTB reports that Istragrafika, which is headquartered in Kanfanar, Croatia, has a workforce of approximately 160 employees and describes the company as "the leading packaging company in Croatia, serve[ing] a broad customer base across several segments out of its production facility in Kanfanar." In addition, the firm reports, "with its skilled workforce, the company has been able to attract and secure a variety of local and multinational customers, including global blue chip companies within markets segments such as tobacco and food service, among others."
DTB's team was led by Senior Partner Damir Topic and included Partners Marin Vukovic and Mario Krka and Senior Associate Juraj Fabijanic.
The Cacic & Partners team was led by Partner Belinda Cacic and included Attorneys at Law Suzana Krog Bonaci, Goran Kristovic, and Dominik Glavina.