Smurfit Kappa acquires corrugated operation in Peru, expanding footprint in Latin America
June 8, 2021Smurfit Kappa
Group, as one of the world’s largest integrated manufacturers of paper-based
packaging products with operations in Europe and the Americas, is pleased to
announce that it has completed the acquisition of Cartones del Pacifico, a
leading paper-based packaging company in Peru.
The acquisition represents an important milestone for the Company as it expands
its footprint in the Americas from 12 to 13 countries, and builds on the
Group’s leadership position as the largest pan-regional supplier in Latin
America. As part of the transaction Emusa Group has acquired Smurfit
Kappa’s flexible packaging business in El Salvador.
Commenting on the acquisition, Smurfit Kappa Group CEO, Tony Smurfit, said:
“The acquisition of Cartones del Pacifico further expands our strategic reach
and underscores our growing regional capability in Latin America. 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.”
Smurfit Kappa CEO The Americas, Juan G. Castaneda said: “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. 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.