REG-Smurfit Kappa Group PLC Acquisition

Smurfit KappaAnnouncement

08/10/2021 13:00

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Acquisition

 

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
€360 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 (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. 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.

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Smurfit Kappa Group PLC


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