Smurfit Kappa has expanded its position in France by acquiring offset printing and cardboard packaging firm Papcart for an undisclosed amount.
Papcart boasts a range of gift and premium packaging solutions, utilising offset printers, die-cutters, folder-gluers and finishing equipment to allow acrylic or UV ink printing, specific varnishes, hot and cold foil gilding, embossing and lamination.
Smurfit Kappa says that the acquisition significantly expands its packaging portfolio for the luxury goods, wines & spirits, FMCG and bag-in-box markets.
As part of the acquisition, Smurfit Kappa will acquire Papcart’s 60 production, storage and office sites located in Gétigné and Jarnac, France,
CEO of Smurfit Kappa Europe, Saverio Mayer, said: “This latest acquisition is of significant strategic importance for our French operations and significantly adds to the range of capabilities that we can offer our customers.”
Jean-Christophe Bugeon, CEO of Smurfit Kappa France added: “We are delighted to welcome the Papcart employees into the company.
“More and more companies are seeking more sustainable packaging alternatives and we can add an even wider choice of premium solutions to our offering.”
The acquisition is the latest made by the company, as Smurfit Kappa had made several major purchases over the course of the year, including the acquisition of two Serbian packaging firms for approximately €133 million last month.
The company also agreed a deal to acquire Netherlands-based paper and recycling business Reparenco for approximately €460 million in May, boosting its containerboard and recycling operations.
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