Smurfit Kappa acquires Latin American packaging business

Smurfit Kappa Group, a large integrated manufacturer of paper-based packaging products with operations in Europe and the Americas, has completed the acquisition of Cartones del Pacifico, a paper-based packaging company based in Peru. With the acquisition, Smurfit Kappa expands its presence into Peru. According to a news release from Smurfit Kappa, this acquisition also builds on the group’s leadership position as a large panregional supplier of packaging in Latin America.

As part of the transaction, Emusa Group has acquired Smurfit Kappa’s flexible packaging business in El Salvador.

“The acquisition of Cartones del Pacifico further expands our strategic reach and underscores our growing regional capability in Latin America,” says Tony Smurfit, CEO of Smurfit Kappa Group. “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.”

Juan Castaneda, Smurfit Kappa CEO of The Americas, says the acquisition adds 368 Cartones del Pacifico employees to the Smurfit Kappa team. He says, “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.”