Smurfit Kappa agrees $20bn merger deal with US company

The Dublin-headquartered paper and packaging giant confirmed it will depart the Dublin stock exchange as part of the merger with WestRock

Tony Smurfit, chief executive of Smurfit Kappa, said the deal will create a “go-to” company that will be a global leader in sustainable packaging

Smurfit Kappa, the Irish paper and packaging giant, has agreed a deal to merge with WestRock, the US paper company, in move that will see the Dublin-headquartered company depart the Irish stock exchange.

On Tuesday morning, Smurfit Kappa announced that it had reached a deal with WestRock that will see both companies combine to create a new company called Smurfit WestRock, which will have combined sales of around $34 billion and annual profits in the ...