SMURFIT KAPPA: Acquisition
08 Octubre 2021 - 6:57AM
UK Regulatory
TIDMSKG TIDMSK3
Smurfit Kappa completes acquisition of a state-of-the-art
600,000 tonne containerboard mill in Northern Italy
-Providing additional security of supply for our customer
base-
Smurfit Kappa Group plc ('SKG' or the 'Group') is pleased to
announce that it has now completed the acquisition of Verzuolo for
a purchase price of EUR360 million. Customary closing conditions
have now been satisfied. The PM9 machine in Verzuolo was converted
into a state-of-the-art 600,000 tonne recycled containerboard
machine in 2019. It is highly complementary with SKG's existing
operations, strategically located close to the port of Savona and
is expected to deliver significant benefits for both the Group and
its customer base.
Smurfit Kappa Group CEO, Tony Smurfit, commented: 'We are
pleased to complete this acquisition ahead of schedule. Verzuolo
brings a highly experienced and skilled team providing additional
security of supply for SKG's customers. As we continue to invest in
our corrugated facilities, Verzuolo strengthens the Group's
integrated model and supports our sustainability ambitions.'
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. Our
products, which are 100% renewable and produced sustainably,
improve the environmental footprint of our customers.
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.
We have a proud tradition supporting social, environmental and
community initiatives in the countries where we operate. Through
these projects we support the UN Sustainable Development Goals,
focusing on where we believe we have the greatest impact.
Follow us on LinkedIn, Twitter, Facebook, YouTube.
smurfitkappa.com
View source version on businesswire.com:
https://www.businesswire.com/news/home/20211008005238/en/
CONTACT:
Smurfit Kappa Group PLC
SOURCE: Smurfit Kappa Group PLC
Copyright Business Wire 2021
(END) Dow Jones Newswires
October 08, 2021 07:57 ET (11:57 GMT)
Smurfit Kappa (LSE:SKG)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Smurfit Kappa (LSE:SKG)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024