Packagingworld trade 2024+3.9% 5Y CAGR
Oct 31, 2018ACQUISITIONBelgrade, Serbia Smurfit Kappa to buy Kappa Star's Belgrade packaging business for EUR 133M
Smurfit Kappa agreed to buy an integrated packaging business in Belgrade, Serbia, from Kappa Star Group, including the FHB paper mill and Avala Ada corrugated plant. The deal is valued at EUR 133 million.
Value
$151.1M (133.0M EUR)
Capacity
120,000t recycled containerboard machine; approx. 110 million square metres corrugated capacity
Productscontainerboardcorrugated packaginglaminated packaging
“The total consideration for FHB and Avala Ada stands at €133m.”euwid-paper.com
- 3 sources
- euwid-paper.comSmurfit Kappa to grow its corrugated business in Southeast Europe - EUWID Pulp and PaperOct 31, 2018
- packaging-gateway.comM&As this week: KapStone, Smurfit Kappa, Stora Enso News -Nov 2, 2018
- packaging-gateway.comDeals and M&As this week: Great Leap Brewing, Reflex Group, Fortis Solutions Group News -Nov 9, 2018
Summarized from public sources; check the original articles before acting on it.
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