Smurfit Kappa Acquires PaperBox, Rio de Janeiro Packaging Plant

By: Trademagazin editor Date: 2022. 09. 19. 04:00

Smurfit Kappa has announced that it has acquired PaperBox, a packaging plant located in Rio de Janeiro, Brazil. According to the paper-based packaging firm, the transaction – subject to the approval of regulatory bodies – is expected to close at the end of October.

“PaperBox has a distinguished history in the region and a special commitment to all stakeholders. This is a legacy that Smurfit Kappa will build upon.”

Brazil is the largest corrugated-cardboard market in Latin America, the company noted. This acquisition represents a further expansion of Smurfit Kappa’s operational footprint in Brazil, as it currently operates in three other states: Minas Gerais, Rio Grande do Sul, and Ceará.

“We are very proud to expand our footprint in Brazil, to meet the growing demand for innovative and sustainable packaging,” commented Laurent Sellier, CEO of Smurfit Kappa in the Americas.

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