# Smurfit Kappa acquires Spanish packaging producer Cartonajes Carrion Smurfit Kappa announced the acquisition of Cartonajes Carrion, a Spanish packaging producer located in Alcolea, Cordoba, with a strong presence in high-quality retail packaging and printing. No financial details were published. - Type: Acquisition - Announced: 2023-08-16 - Where: Alcolea, Cordoba, Spain - Value: $11.2B - Status: completed - Capacity: 23 million tons of mill capacity - Products: retail packaging, printed cartons - Sectors: [Packaging](https://endata.com/sectors/packaging.md) ## Companies - [Smurfit Kappa](https://endata.com/companies/261.md) (acquirer) - [WestRock](https://endata.com/companies/791.md) (acquirer) - [WestRock](https://endata.com/companies/791.md) (partner) - [WestRock](https://endata.com/companies/791.md) (target) - [Cartonajes Carrion](https://endata.com/companies/10907.md) (target) - [Matheson](https://endata.com/companies/10995.md) (partner) - [Cepheidway Limited](https://endata.com/companies/10996.md) (partner) ## Sources - [euwid-paper.com](https://www.euwid-paper.com/news/companies/smurfit-kappa-acquires-cartonajes-carrion-160823/), 2023-08-16: "Irish Smurfit Kappa Group has announced the acquisition of Spanish packaging producer Cartonajes Carrión, located in Alcolea (Córdoba)." - [smurfitkappa.com](https://www.smurfitkappa.com/newsroom/2023/smurfit-kappa-and-westrock-announce-transaction-to-create-a-global-leader-in-sustainable-packaging), 2023-09-12: "Smurfit Kappa and WestRock to combine, creating Smurfit WestRock, a global leader in sustainable packaging with unparalleled scale, quality, product and geographic diversity." - [freedoniagroup.com](https://www.freedoniagroup.com/press-releases/smurfit-kappa-westrock-announce-terms-of-proposed-merger), 2023-09-12: "Smurfit Kappa, a leading multinational paper packaging manufacturer, announced terms for the combination with WestRock." - [businesswire.com](https://www.businesswire.com/news/home/20230911441744/en/Smurfit-Kappa-Group-PLC-UK-Regulatory-Announcement-Statement-re-Smurfit-Kappa-and-WestRock-Announce-Transaction-to-Create-a-Global-Leader-in-Sustainable-Packaging), 2023-09-12: "Smurfit Kappa and WestRock to combine, creating Smurfit WestRock, a global leader in sustainable packaging." - [cnbc.com](https://www.cnbc.com/2023/09/12/smurfit-kappa-and-westrock-agree-to-combine-to-create-packaging-giant.html), 2023-09-12: "The companies will form Smurfit WestRock — set to be one of the largest packaging companies in the world — run through a holding company incorporated and domiciled in Ireland." - [reuters.com](https://www.reuters.com/markets/deals/smurfit-kappa-westrock-agree-combine-create-20-bln-packaging-giant-2023-09-12/), 2023-09-12: "Smurfit Kappa strikes $11 billion WestRock deal to create packaging leader" - [matheson.com](https://www.matheson.com/matheson-advises-smurfit-kappa-on-its-merger-with-westrock-company/), 2023-09-12: "Matheson is pleased to be advising Smurfit Kappa Group, the FTSE 100 paper-based packaging company, on its proposed combination with US-based WestRock Company." - [sec.gov](https://www.sec.gov/Archives/edgar/data/1732845/000095014223002366/eh230398925_8k.htm), 2023-09-12: "On September 12, 2023, WestRock Company, a Delaware corporation, entered into a Transaction Agreement with Smurfit Kappa Group plc." - [news.bloomberglaw.com](https://news.bloomberglaw.com/mergers-and-acquisitions/smurfit-kappa-and-westrock-to-join-in-11-billion-packaging-deal), 2023-09-12: "Smurfit Kappa Group Plc agreed to acquire WestRock Co. in an $11.2 billion deal that creates an Irish-American packaging industry powerhouse." - [fastmarkets.com](https://www.fastmarkets.com/insights/smurfit-kappa-and-westrock-merger-deal/), 2023-09-13: "The two companies signed a definitive agreement to combine in what would create a $34 billion company with 23 million tons of mill capacity and 500 converting plants." - [ropesgray.com](https://www.ropesgray.com/en/news-and-events/news/2023/09/ropes-gray-advises-smurfit-kappa-on-its-combination-with-westrock-to-create-global-leader), 2023-09-13: "The deal will create Smurfit WestRock, the world's largest listed paper and packaging company." - [packagingnews.com.au](https://www.packagingnews.com.au/latest/new-packaging-giant-smurfit-kappa-westrock-agree-to-us-11bn-merger), 2023-09-14: "Smurfit Kappa and WestRock have signed a US$11bn transaction to create a "a global leader in sustainable packaging"." - [fastmarkets.com](https://www.fastmarkets.com/insights/will-smurfit-westrock-consolidation-global-packaging-markets/), 2023-09-14: "On September 12, WestRock and Smurfit Kappa announced the signing of a definitive merger agreement." - [smurfitwestrock.com](https://www.smurfitwestrock.com/about/company-archive/smurfit-kappa/press-releases/2023/first-nine-months-2023-trading-update), 2023-11-01: "On 12 September, Smurfit Kappa and WestRock announced an agreement to combine to create Smurfit WestRock, a global leader in sustainable fibre-based packaging." - [leadersleague.com](https://www.leadersleague.com/en/news/smurfit-westrock-package-deal), 2023-11-29: "In September, Irish packaging company Smurfit Kappa made the $11 billion purchase of US counterpart WestRock" - [packworld.com](https://www.packworld.com/trends/operational-excellence/article/22882711/top-10-of-2023-no-2-westrock-and-smurfit-kappa-to-merge), 2024-01-02: "Announced in September, the merger is not yet complete today." - [thetimes.com](https://www.thetimes.com/world/ireland-world/article/four-years-and-three-dinner-dates-how-smurfit-bagged-a-10-billion-merger-vq8bj3mhc), 2024-04-13: "Smurfit Kappa wined and dined WestRock, its American peer, over a five-year courtship before consummating the relationship in September to create a packaging powerhouse." - [packaging-gateway.com](https://www.packaging-gateway.com/news/westrock-smurfit-kappa-merger/), 2024-06-14: "WestRock's shareholders have given their approval for the proposed merger with Smurfit Kappa." --- Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.