# Smurfit Kappa acquires Artemis Bag-in-Box plant in Shumen, Bulgaria

Smurfit Kappa signed an agreement to acquire Artemis Ltd., a Bag-in-Box packaging plant in Shumen, Bulgaria, that makes bags, films and caps for food and beverage packaging. The deal expands its presence in Eastern Europe.

- Type: Acquisition
- Announced: 2024-06-04
- Where: Shumen, Bulgaria
- Value: $20.0B
- Status: announced
- Products: Bag-in-Box bags, wine films, wine caps
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Smurfit Kappa](https://endata.com/companies/261.md)
- [Smurfit Westrock](https://endata.com/companies/3333.md)
- [Smurfit Kappa](https://endata.com/companies/261.md) (acquirer)
- [Smurfit Kappa](https://endata.com/companies/261.md) (partner)
- [WestRock](https://endata.com/companies/791.md) (acquirer)
- [WestRock](https://endata.com/companies/791.md) (target)
- [Artemis Ltd.](https://endata.com/companies/11923.md) (target)

## Sources

- [smurfitkappa.com](https://www.smurfitkappa.com/us/newsroom/2024/smurfit-kappa-acquires-artemis), 2024-06-04: "Artemis focuses on food and beverage packaging and makes the bags for Bag-in-Box products as well as films and caps for wine."
- [printcan.com](https://www.printcan.com/news/2024/20240619949.shtml), 2024-06-19: "WestRock stockholders voted to approved the combination of Smurfit Kappa Group plc and WestRock at WestRock's Special Meeting of Stockholders."
- [paulweiss.com](https://www.paulweiss.com/insights/client-news/westrock-and-smurfit-kappa-combine-in-20-billion-deal), 2024-07-05: "Paul, Weiss advised U.S.-based corrugated packaging company WestRock in its $20 billion combination with Europe's leading corrugated packaging company Smurfit Kappa."
- [sustainabilitymea.com](https://www.sustainabilitymea.com/ma-update-smurfit-kappas-merger-deal-with-westrock-to-take-effect-macfarlane-acquires-polyformes-verallia-closes-vidralas-glass-division-deal/), 2024-07-08: "Smurfit Kappa has successfully completed its merger with folding paperboard box manufacturer WestRock."
- [packaging-gateway.com](https://www.packaging-gateway.com/news/smurfit-kappa-westrock-merger/), 2024-07-08: "Smurfit Westrock will be the 'go-to' packaging partner of choice for customers, employees and shareholders."
- [basham.com.mx](https://basham.com.mx/en/cofece-unconditionally-approved-the-merger-between-smurfit-kappa-and-westrock-giving-rise-to-a-new-global-leader-in-sustainable-packaging/), 2024-07-09: "COFECE unconditionally authorized the combination of the worldwide businesses of two of the world's leading sustainable packaging players."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.