REG-Smurfit Kappa Group PLC Acquisition

Smurfit KappaAnnouncement

04/06/2021 07:00

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Acquisition

 

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 (mailto: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
€8.5 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.

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