Wednesday August 12, 2020

The deal that made the Smurfit fortune

In A Life Worth Living, Dr Michael Smurfits autobiography, he tells how the deal to buy Container Corporation of American in the mid-1980s transformed the group into a global player.

6th April, 2014
Michael Smurfit: In the early years, I was absolutely a ball-breaker.' Picture: Inpho

I recall the occasion very well when the big opportunity first revealed itself. In 1985, I was in Los Angeles. Some analysts had invited me to lunch and, during the course of the meal, they asked me what our next move would be. I replied cautiously that I wasn't altogether sure. I had just bought some mills and was planning to upgrade them.

One of the analysts turned to me and said: ''Have you thought of...

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