Smurfit Kappa UK to Acquire CRP Print and Packaging
Oct. 14, 2013 (Press Release) - Smurfit Kappa UK, an integrated manufacturer of paper-based packaging products with operations throughout the UK, announces that it has agreed to acquire CRP Print and Packaging Holdings Limited.
CRP is a private company with operations in Corby which specialises in litho-laminated packaging, 3D point of sale, HD preprint, food contact and heavy duty.
CRP currently employs approximately 220 people.
Eddie Fellows, Managing Director of CRP commented: "The Company has enjoyed considerable success under private ownership for the last 20 years and has grown substantially in the past five years. The time is now right for us to strategically align our business to meet the future requirements of the market and Smurfit Kappa was the obvious choice with its extensive product offering and wide geographical spread."
Clive Bowers, CEO of Smurfit Kappa corrugated UK commented: "I am delighted with the acquisition of CRP Print and Packaging. They have built an excellent business across a number of product group areas which adds to our existing strengths, whilst offering new and exciting product opportunities to the market. This acquisition supports our continued drive to further develop the future of packaging with creative product and supply chain solutions.
"Eddie and I would like to take this opportunity to thank Peter Sangster, founder and chairman of CRP, who has been associated with the industry for fifty years, for his commitment, dedication and market leadership. Everyone wishes him a healthy and well deserved retirement."
SKUK is a subsidiary of Smurfit Kappa Group plc which is a world leader in paper-based packaging with operations in Europe and the Americas and is quoted on the London and Irish stock exchanges.
SOURCE: Smurfit Kappa UK