Smurfit Kappa Acquires Two Corrugated Box Plants in Western France from Europac
The deal includes Europac's Caradec Box Plant in the Morbihan County and the Saint Pol de Léon site in the Finistére County, in the Brittany region of France.
Dec. 5, 2018 - Smurfit Kappa Group announced that it has acquired two corrugated box plants in France's Brittany region from Europac.
The deal includes the Caradec Box Plant in the Morbihan County and the Saint Pol de Léon site in the Finistére County, and significantly strengthens Smurfit Kappa's presence to the Brittany food markets in Western France.
“This latest acquisition is part of our integrated strategy and supports our continued drive to open up new opportunities,” said Edwin Goffard, COO of Corrugated Europe for Smurfit Kappa.
Jean-Christophe Bugeon, CEO of Smurfit Kappa France, added, “We are delighted to welcome the Caradec employees into our company. More and more retailers and growers are seeking more sustainable packaging alternatives for fresh produce and we can add an even wider choice of premium solutions to our offering.”
The Europac Group is a company with operations in all areas of the packaging paper and cardboard industry, from integrated waste management and forestry operation as a source of the necessary raw materials for manufacturing recycled and kraftliner papers at mills in Spain, France and Portugal, to the production of sheet cardboard and boxes as the final product.
Based in Dublin, Ireland, Smurfit Kappa is a leading producer of paper-based packaging with around 45,000 employees across 33 countries. To learn more, please visit: www.smurfitkappa.com.
SOURCE: Smurfit Kappa