Smurfit Kappa said it has completed the acquisition of Orange County Container for $340 million (€262 million).
The acquisition is being funded from existing cash resources.
Orange County Container is a corrugated and containerboard manufacturer with operations in northern Mexico and the southern US. It employs 2,800 people and is expected to generate EBITDA (earnings before interest, tax, depreciation and amortisation) of at least $53 million for 2012.
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