REG-Smurfit Kappa Group PLC Acquisition

Smurfit KappaAnnouncement

19/09/2022 07:00

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Acquisition

 

Smurfit Kappa acquires packaging plant in Rio de Janeiro

The purchase of PaperBox expands both the company’s presence in Brazil and
its product portfolio

Smurfit Kappa, one of the world’s leading suppliers of paper-based
packaging, announced it has signed an agreement to acquire PaperBox, a
packaging plant located in Saquarema, 70 kms east of Rio de Janeiro. The
transaction, which is subject to the approval of regulatory bodies, is
expected to close at the end of October.

Brazil is the largest corrugated cardboard market in Latin America, with 7.4
bn sq m produced annually, and the Southeast region, where PaperBox is
located, equates to 46% of this volume. This acquisition represents a further
expansion of Smurfit Kappa’s operational footprint in Brazil as it currently
operates in three other states: Minas Gerais, Rio Grande do Sul and Ceará.

“We are very proud to expand our footprint in Brazil to meet the growing
demand for innovative and sustainable packaging. This acquisition will broaden
and strengthen our presence in the country, improve our production
capabilities and enable us to continue to create new opportunities and form
new partnerships with customers,” said Laurent Sellier, CEO of Smurfit Kappa
in the Americas.

Manuel Alcalá, CEO of Smurfit Kappa in Brazil, added: “Smurfit Kappa
believes in Brazil and in the opportunities to deliver growth by continuing to
add value to our customers business. PaperBox has a distinguished history in
the region and a special commitment to all stakeholders. This is a legacy that
Smurfit Kappa will build upon.”

-ENDS-

Media contact:

Sinead Gill

Smurfit Kappa

T: +353 87 117 3389

E: sinead.gill@smurfitkappa.com (mailto:sinead.gill@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 48,000
employees in over 350 production sites across 36 countries and with revenue of
€10.1 billion in 2021. 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 renewable, recyclable and biodegradable, are
produced sustainably and 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 of 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.

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