Smurfit Kappa has announced the acquisition of corrugated packaging manufacturer Inspirepac for £43.5m.
The acquisition includes Inspirepac’s 100,000 square foot purpose-built facility in Derbyshire. “The company has invested strongly over the past few years to position themselves to become one of the leaders in high quality corrugated packaging solutions together with fulfilment and contract packing services,” Smurfit Kappa said.
The paper-based packaging provider has also announced the acquisition of a majority stake in Hampshire-based Beacon Packaging, which is an independent converter of board into corrugated boxes and fitments.
Smurfit Kappa CEO Clive Bowers said: “I am delighted with these acquisitions that will bring two very strong professional management teams into the Smurfit Kappa organisation. The culture of these two companies is very much aligned with the Smurfit Kappa philosophy. They have built excellent businesses in selected customer and product sectors which will add to our existing strengths. These acquisitions support our continued drive to ‘open the future’ within the UK packaging market, further developing our customer offer, brand and reputation in a way that truly sets us apart.”
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