Smurfit Kappa acquires Parenco


The Irish paper and packaging group Smurfit Kappa has announced an agreement for the acquisition of the Dutch recycling and paper company Reparenco The acquisition, which has a value of 460 million euros, will accelerate the strategic objective of the group and strengthen its integration into the European paper sector.

Reparenco manages a paper mill in Renkum with a production capacity of 405 thousand tons of recycled cardboard and 270 thousand tons of Super Calendered Papers (SC), SC paper and improved newsprint on two machines; in addition it recovers 750 thousand tons of fibre.

For its part, Smurfit Kappa has drawn attention from its United States rival, International Paper (IP). As a reminder, the board of directors of the Irish group had rejected IP’s hostile bid proposal on two occasions in March.