Smurfit Kappa Group has completed the acquisition of Cartones del Pacifico, a leading paper-based packaging company in Peru.
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.
Smurfit Kappa Group is one of the world's largest integrated manufacturers of paper-based packaging products with operations in Europe and the Americas.