Nip Impressions logo
Fri, Oct 15, 2021 17:37
Visitor
Home
Click here for Pulp & Paper Radio International
Subscription Central
Must reads for pulp and paper industry professionals
Search
My Profile
Login
Logout
Management Side
Smurfit Kappa completes acquisition of a state-of-the-art 600,000 tonne containerboard mill in Northern Italy

DUBLIN (News release) -- Smurfit Kappa Group plc is pleased to announce that it has now completed the acquisition of Verzuolo for a purchase price of €360 million. Customary closing conditions have now been satisfied. The PM9 machine in Verzuolo was converted into a state-of-the-art 600,000 tonne recycled containerboard machine in 2019. It is highly complementary with SKG's existing operations, strategically located close to the port of Savona and is expected to deliver significant benefits for both the Group and its customer base.

Smurfit Kappa Group CEO, Tony Smurfit, commented: 'We are pleased to complete this acquisition ahead of schedule. Verzuolo brings a highly experienced and skilled team providing additional security of supply for SKG's customers. As we continue to invest in our corrugated facilities, Verzuolo strengthens the Group's integrated model and supports our sustainability ambitions.'

You get lots of valueless email, sign up for newsletters that can promote your career.


Printer-friendly format

 





Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: