Get the app today! App Store Play Store

Smurfit Kappa Buys Dutch Recycling Business In €460M Deal

Published on Jul 5 2018 8:45 AM in Packaging And Design tagged: Smurfit Kappa / Trendings Posts / Recycling / Paper Europe

Smurfit Kappa Buys Dutch Recycling Business In €460M Deal

Corrugated packaging company Smurfit Kappa Group has announced that it has completed the acquisition of Reparenco, a paper and recycling business in the Netherlands for €460 million.

The Dutch company’s 2018 expected full year EBITDA is reportedly €72 million.

“We are very pleased to complete the acquisition of Reparenco and to welcome their 315 employees to Smurfit Kappa," said  Saverio Mayer, CEO, Smurfit Kappa, Europe.

There is a strong cultural fit between our businesses and we are excited about the potential for Reparenco within the Smurfit Kappa integrated system.”

He noted that Reparenco represents early delivery of a central element of its Medium Term Plan – to increase its European recycled containerboard capacity.

Integrated Business Model

Reparenco operates a two machine paper mill in the Netherlands with a capacity of 675,000 tonnes together with a 750,000 tonne recovered fibre operation.

Laurent Sellier, Smurfit Kappa COO, Paper Europe, added: “The acquisition of Reparenco will strengthen our integrated business model and adds 405,000 tonnes of recycled containerboard capacity to our system.”

© 2018 Checkout – your source for the latest Irish retail news. Article by Donna Ahern. Click subscribe to sign up for the Checkout print edition. 

Share on Facebook Share on Twitter Share on LinkedIn Share via Email