Smurfit Kappa GrpPLC Statement re Sale of SKG Solidboard and Graphicboard operations in the Netherlands, Belgium, and the UK ...
21 April 2015 - 8:30PM
UK Regulatory
TIDMSKG
Sale of SKG Solidboard and Graphicboard operations in the
Netherlands, Belgium, and the UK to the Aurelius Group
SKG.I SKG.L
Dublin, London | 21 April 2015: Smurfit Kappa Group ('SKG' or
the 'Group') one of the world's largest integrated manufacturers of
paper-based packaging products with operations in Europe and the
Americas, today announces that it has signed an agreement to sell
its Solidboard and Graphicboard operations in the Netherlands,
Belgium and the UK to the Aurelius Group.
The operations being sold have net assets amounting to EUR42
million, and comprise two Graphicboard mills, an integrated
Solidboard operation consisting of two mills and four converting
sites. The transaction represents a further progression of the
Group's stated objective to focus on its core business as a leading
global producer of paper based packaging solutions and maximise
long term returns for shareholders.
About Smurfit Kappa
Smurfit Kappa is one of the leading providers of paper-based
packaging solutions in the world, with around 42,000 employees in
approximately 350 production sites across 33 countries and with
revenue of EUR8.1 billion in 2014. We are located in 21 countries
in Europe, and 12 in the Americas. We are the only large-scale
pan-regional player in Latin America.
With our pro-active team we relentlessly use our extensive
experience and expertise, supported by our scale, to open up
opportunities for our customers. We collaborate with forward
thinking customers by sharing superior product knowledge, market
understanding and insights in packaging trends to ensure business
success in their markets. We have an unrivalled portfolio of
paper-packaging solutions, which is constantly updated with our
market-leading innovations. This is enhanced through the benefits
of our integration, with optimal paper design, logistics,
timeliness of service, and our packaging plants sourcing most of
their raw materials from our own paper mills. Our products, which
are 100% renewable and produced sustainably, improve the
environmental footprint of our customers.
Contacts
Seamus Murphy FTI Consulting
Smurfit Kappa
T: +353 1 202 71 80 T: +353 1 663 36 80
E: ir@smurfitkappa.com E: smurfitkappa@fticonsulting.com
This information is provided by Business Wire
Smurfit Kappa (LSE:SKG)
Historical Stock Chart
From Jun 2024 to Jul 2024
Smurfit Kappa (LSE:SKG)
Historical Stock Chart
From Jul 2023 to Jul 2024