Smurfit Kappa buys two Brazilian packaging firms for €186 million
The packaging firm said the deal would immediately boost earnings
Smurfit Kappa said it has acquired two paper-based packaging businesses in Brazil for a total of €186 million.
The packaging company said that Industria de Embalagens Santana and Paema Embalagens have three recycled containerboard mills with a total capacity of 210,000 tonnes and four corrugated facilities, serving the northeast and south of Brazil.
"The size and location of the combined operations will build on the group's leadership position as the largest pan-regional corrugated ...
