# Smurfit Kappa agrees to acquire PaperBox packaging plant in Saquarema, Brazil

Smurfit Kappa has signed an agreement to acquire PaperBox, a packaging plant in Saquarema, about 70 km east of Rio de Janeiro. The deal is subject to regulatory approval and is expected to close at the end of October 2022.

- Type: Acquisition
- Announced: 2022-09-16
- Where: Saquarema, Rio de Janeiro, Brazil
- Status: announced
- Products: corrugated board packaging
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Smurfit Kappa](https://endata.com/companies/261.md) (acquirer)
- [PaperBox](https://endata.com/companies/9701.md) (target)

## Sources

- [thepackagingportal.com](https://www.thepackagingportal.com/industry-news/smurfit-kappa-acquires-packaging-plant-in-rio-de-janeiro/), 2022-09-16: "Smurfit Kappa has signed an agreement to acquire PaperBox, a packaging plant located in Saquarema, 70km east of Rio de Janeiro."
- [packworld.com](https://www.packworld.com/leaders-new/materials/cartons-boxes/news/22445493/smurfit-kappa-group-smurfit-kappa-signs-agreement-to-acquire-paperbox), 2022-09-16: "Smurfit's purchase of Rio de Janeiro-based PaperBox packaging plant will expand both the its presence in Brazil and its product portfolio."
- [packagingnews.co.uk](https://www.packagingnews.co.uk/news/business/mergers-acquisitions/page/8), 2022-11-04: "Smurfit Kappa has expanded its presence in Brazil with the acquisition of PaperBox."

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