# 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.

- Type: Acquisition
- Announced: 2018-10-31
- Where: Belgrade, Serbia
- Value: $151.1M (133.0M EUR)
- Status: announced
- Capacity: 120,000t recycled containerboard machine; approx. 110 million square metres corrugated capacity
- Products: containerboard, corrugated packaging, laminated packaging
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Smurfit Kappa](https://endata.com/companies/261.md) (acquirer)
- [Kappa Star Group](https://endata.com/companies/4121.md) (partner)
- [Fabrika Hartije Beograd](https://endata.com/companies/4154.md) (target)
- [Avala Ada Beograd](https://endata.com/companies/4155.md) (target)
- [Avala Ada](https://endata.com/companies/14886.md) (target)

## Sources

- [euwid-paper.com](https://www.euwid-paper.com/news/markets/smurfit-kappa-to-grow-corrugated-business-in-southeast-europe/), 2018-10-31: "The total consideration for FHB and Avala Ada stands at €133m."
- [packaging-gateway.com](https://www.packaging-gateway.com/news/mas-week-kapstone-smurfit-kappa-stora-enso/), 2018-11-02: "The €133m ($151.12) acquisition includes the Fabrika Hartije Beograd (FHB) paper mill"
- [packaging-gateway.com](https://www.packaging-gateway.com/news/deals-mas-week-great-leap-brewing-reflex-group-fortis-solutions-group/), 2018-11-09: "Smurfit Kappa has agreed to acquire Kappa Star Group's integrated packaging business in a transaction worth €133m ($151.12m)."

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