Smurfit Kappa Group, one of the world’s largest integrated manufacturers of paper-based packaging products with operations in Europe and the Americas, has completed the acquisition of Cartones del Pacifico, one of the leading paper-based packaging companies in Peru.
The acquisition is a significant milestone for Smurfit Kappa, as it enables it to expand its presence into the Americas. Going from 12 to 13 countries, Smurfit Kappa consolidates the group’s leadership position as the largest pan-regional supplier of packaging in Latin America. As part of the transaction, Emusa Group has acquired Smurfit Kappa’s flexible packaging business in El Salvador.
«The acquisition of Cartones del Pacifico further expands our strategic reach and underscores our growing regional capability in Latin America» says Tony Smurfit, CEO of Smurfit Kappa Group. «With a population of over 30 million, we are delighted to expand our footprint into Peru to help drive future growth.
We welcome the Cartones del Pacifico employees to our team of talented people, and look forward to their expertise contributing to the success of Smurfit Kappa Group.»
«We are very pleased to complete the acquisition of Cartones del Pacifico, and to welcome their 368 employees to the Smurfit Kappa family of 46,000 people» says Smurfit Kappa CEO The Americas, Juan G. Castaneda. «There is a strong cultural fit between our businesses and we are excited about the potential for Cartones del Pacifico within the Smurfit Kappa integrated system.»
The acquisition of Cartones del Pacifico, a leading corrugated packaging business located in Paramonga, in the vicinity of Lima, will open opportunities for Smurfit Kappa Group to enhance the business through the Group’s best-in-class operating systems, procurement arrangements, and design and innovation capability to attend customers, mainly in the fast growing agricultural and industrial sectors. Furthermore, the Group’s enlarged global footprint will improve its packaging offering to multinationals operating throughout the Latin American region.