Smurfit Kappa, one of the world’s leading paper-based packaging firms, acquired Soyuz corrugated packaging company in Russia. With the step, the company expects to reinforce its position in the region and broaden its offering to multinational and local customers.
Soyuz is based in Moscow. The company produces corrugated packaging for a range of sectors and has approximately 300 employees.
Saverio Mayer, CEO of Smurfit Kappa Europe, commented:
“This acquisition supports our continued drive to increase our customer offering, and our unique packaging business applications will help further develop the Soyuz operations.
Our wide range of corrugated products, along with our innovative and rapidly growing Bag-in-Box® business, opens up many opportunities for both Smurfit Kappa and our customers in Russia.”
Smurfit Kappa already has three plants in Saint Petersburg, Russia producing paper-based and Bag-in-Box® products for customers across Europe.
Earlier Smurfit Kappa received two awards at the recent RosUpack exhibition in Russia.
About Smurfit Kappa:
The company is a leading provider of paper-based packaging. It has around 41,000 employees in approximately 350 production sites across 32 countries in Europe and the Americas.