June 4, 2021 - Smurfit Kappa Group announced that it has completed the acquisition of Cartones del Pacifico, a leading paper-based packaging company located in Paramonga, in the vicinity of Lima, Peru.
The acquisition represents an important milestone for Smurfit Kappa as it expands its footprint in the Americas from 12 to 13 countries, and builds on the Group's position as the largest pan-regional supplier in Latin America.
As part of the transaction Emusa Group has acquired Smurfit Kappa's flexible packaging business in El Salvador.
"The acquisition of Cartones del Pacifico further expands our strategic reach and underscores our growing regional capability in Latin America," said Tony Smurfit, CEO of Smurfit Kappa Group. "With a population of over 30 million, we are delighted to expand our footprint into Peru to help drive future growth. We welcome the Cartones del Pacifico employees to our team of talented people, and look forward to their expertise contributing to the success of Smurfit Kappa Group."
Smurfit Kappa CEO The Americas, Juan G. Castaneda said, "We are very pleased to complete the acquisition of Cartones del Pacifico, and to welcome their 368 employees to the Smurfit Kappa family of 46,000 people. There is a strong cultural fit between our businesses and we are excited about the potential for Cartones del Pacifico within the Smurfit Kappa integrated system."
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, visit: www.smurfitkappa.com.
SOURCE: Smurfit Kappa
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