Smurfit Kappa purchases two Brazilian packaging firms for €186m

Smurfit Kappa Group has acquired two paper-based packaging firms in Brazil, Industria de Embalagens Santana and Paema Embalagens, for €186m.

SMurfti kappa truck

Both INPA and Paema are privately owned integrated packaging businesses and Smurfit Kappa said the acquisitions strengthen its position in the Latin American market and will boost its overall offering to multinational clients operating in the Americas.

The two companies have three recycling containerboard mills, with a total capacity of 210,000 tonnes, and four corrugated packaging facilities between them, servicing the north and south of the country.

“We are pleased to announce the acquisition of INPA and Paema, which will extend our reach into a strategically important market and build on our geographic diversity and strength,” said Tony Smurfit, Smurfit Kappa’s chief executive.

“We are confident that their expertise and the high quality of their asset base will provide us with a strong entry point into the Brazilian market and, as the leading pan-regional operator in Latin America, further strengthen our service offering to our existing international customers,” he added.