# Smurfit Kappa to buy Verzuolo recycled containerboard mill from Burgo for €360M

Smurfit Kappa agreed to acquire the Verzuolo recycled containerboard mill in northern Italy from Burgo Group for €360 million, with 600,000 tonnes annual capacity; closing is expected in Q4 2021.

- Type: Acquisition
- Announced: 2021-07-28
- Where: Verzuolo, Italy
- Value: $424.8M (360.0M EUR)
- Status: announced
- Capacity: 600,000 tons per year of recycled containerboard
- Products: recycled containerboard
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Smurfit Kappa](https://endata.com/companies/261.md) (acquirer)
- [Burgo Group](https://endata.com/companies/3785.md) (partner)
- [Burgo Group](https://endata.com/companies/3785.md) (target)

## Sources

- [mynewsdesk.com](https://www.mynewsdesk.com/se/smurfit_kappa_sverige_ab/pressreleases/smurfit-kappa-foervaervar-ett-toppmodernt-pappersbruk-med-kapacitet-foer-600-000-ton-aatervunnen-wellpapp-3121865), 2021-07-28: "Smurfit Kappa Group plc tecknar avtal om förvärv av Verzuolo, ett wellpappbruk i norra Italien, för 360 miljoner euro."
- [papnews.com](https://www.papnews.com/smurfit-kappa-to-acquire-verzuolo-paper-mill-from-burgo-group-for-e360-million/), 2021-08-10: "Smurfit Kappa Group agrees to acquire Verzuolo paper mill, a containerboard business in Northern Italy, for a cash consideration of €360 million."

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