# Smurfit Kappa completes acquisition of Verzuolo recycled containerboard mill in Italy

Smurfit Kappa has acquired Verzuolo, a 600,000-tonne recycled containerboard mill near Savona in Northern Italy, for €360 million ($416 million).

- Type: Acquisition
- Announced: 2021-10-11
- Where: Verzuolo, Northern Italy, Italy
- Value: $416.0M (360.0M EUR)
- Status: completed
- Capacity: 600,000 t per year
- Products: recycled containerboard
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Smurfit Kappa](https://endata.com/companies/261.md) (acquirer)
- [Verzuolo](https://endata.com/companies/8489.md) (target)
- [Verzuolo mill](https://endata.com/companies/8503.md) (target)

## Sources

- [packaging-gateway.com](https://www.packaging-gateway.com/news/smurfit-kappa-verzuolo/), 2021-10-11: "Smurfit Kappa has acquired Verzuolo, a recycled containerboard business based in Northern Italy. The €360m ($416m) deal was closed after all customary closing conditions were met."
- [packagingnews.co.uk](https://www.packagingnews.co.uk/news/business/mergers-acquisitions/smurfit-kappa-completes-e360m-acquisition-containerboard-mill-italy-12-10-2021), 2021-10-12: "Smurfit Kappa Group (SKG) it has completed the acquisition of Verzuolo for a purchase price of €360m (£306m)."
- [packaginginsights.com](https://www.packaginginsights.com/news/weekly-roundup-graphic-packaging-secures-ar-packaging-acquisition-approval-crown-joins-ellen-macarthur-foundations-innovation-network.html), 2021-10-15: "The Verzuolo mill was acquired for a purchase price of €360 million (US$418 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.