Smurfit Kappa acquires Dutch firm Reparenco
Smurfit Kappa Group (Ireland), one of the world’s largest packaging producers, has acquired Netherlands-based paper and recycling business Reparenco for €460 million.
Reparenco operates a machine paper mill in the Netherlands with a capacity of 675,000 tonnes, together with a 750,000 tonne recovered fibre operation.
The company generated EBITDA of €41 million in the 12 months to April 2018 and has gross assets of €189 million.
The transaction is expected to be completed during the next few weeks.