Smurfit Kappa to acquire Reparenco
Smurfit Kappa Group has announced that it has agreed to acquire Reparenco, a privately owned paper and recycling business in the Netherlands.
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.
The mill capacity is presently 405,000 tonnes of recycled containerboard and 270,000 tonnes of graphic paper, with the potential for conversion to containerboard.
Smurfit Kappa Group CEO, Tony Smurfit, commented: ‘We are pleased to announce our agreement to acquire Reparenco, successfully concluding a process which began on February 1 this year. The acquisition of Reparenco is complementary with our existing business, strengthens our integrated business model, and accelerates a central element of our medium term plan.
‘We welcome all the Reparenco employees to Smurfit Kappa. We believe there is a strong cultural fit between our businesses and that, together, we will generate value in the short, medium and long term for all our stakeholders.’