SMURFIT KAPPA: Acquisition
04 Junio 2021 - 01:00AM
UK Regulatory
TIDMSKG TIDMSK3
Smurfit Kappa acquires corrugated operation in Peru, expanding
footprint in Latin America
Smurfit Kappa Group, one of the world's largest integrated
manufacturers of paper-based packaging products with operations in
Europe and the Americas, is pleased to announce that it has
completed the acquisition of Cartones del Pacifico, a leading
paper-based packaging company in Peru.
The acquisition represents an important milestone for the
Company as it expands its footprint in the Americas from 12 to 13
countries, and builds on the Group's leadership position as the
largest pan-regional supplier in Latin America. As part of the
transaction Emusa Group has acquired Smurfit Kappa's flexible
packaging business in El Salvador.
Commenting on the acquisition, Smurfit Kappa Group CEO, Tony
Smurfit, said: "The acquisition of Cartones del Pacifico further
expands our strategic reach and underscores our growing regional
capability in Latin America. With a population of over 30 million,
we are delighted to expand our footprint into Peru to help drive
future growth. We welcome the Cartones del Pacifico employees to
our team of talented people, and look forward to their expertise
contributing to the success of Smurfit Kappa Group."
Smurfit Kappa CEO The Americas, Juan G. Castaneda said: "We are
very pleased to complete the acquisition of Cartones del Pacifico,
and to welcome their 368 employees to the Smurfit Kappa family of
46,000 people. There is a strong cultural fit between our
businesses and we are excited about the potential for Cartones del
Pacifico within the Smurfit Kappa integrated system."
The acquisition of Cartones del Pacifico, a leading corrugated
packaging business located in Paramonga, in the vicinity of Lima,
will open opportunities for Smurfit Kappa Group to enhance the
business through the Group's best-in-class operating systems,
procurement arrangements, and design and innovation capability to
attend customers, mainly in the fast growing agricultural and
industrial sectors. Furthermore, the Group's enlarged global
footprint will improve its packaging offering to multinationals
operating throughout the Latin American region.
ENDS
Media contact:
Nicki Labram
Smurfit Kappa
T: +353 87 164 4672
E: nicki.labram@smurfitkappa.com
About Smurfit Kappa
Smurfit Kappa, a FTSE 100 company, is one of the leading
providers of paper-based packaging solutions in the world, with
approximately 46,000 employees in over 350 production sites across
36 countries and with revenue of EUR8.5 billion in 2020. We are
located in 23 countries in Europe, and 13 in the Americas. We are
the only large-scale pan-regional player in Latin America.
With our proactive team, we relentlessly use our extensive
experience and expertise, supported by our scale, to open up
opportunities for our customers. We collaborate with
forward-thinking customers by sharing superior product knowledge,
market understanding and insights in packaging trends to ensure
business success in their markets. We have an unrivalled portfolio
of paper-based packaging solutions, which is constantly updated
with our market-leading innovations. This is enhanced through the
benefits of our integration, with optimal paper design, logistics,
timeliness of service, and our packaging plants sourcing most of
their raw materials from our own paper mills.
Our products, which are 100% renewable and produced sustainably,
improve the environmental footprint of our customers.
Follow us on LinkedIn, Twitter, Facebook, YouTube.
smurfitkappa.com
View source version on businesswire.com:
https://www.businesswire.com/news/home/20210603006072/en/
CONTACT:
Smurfit Kappa Group PLC
SOURCE: Smurfit Kappa Group PLC
Copyright Business Wire 2021
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