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Smurfit Kappa buys Serbia's largest integrated packaging business


Wednesday, 31 Oct 2018 03:00am EDT 

Oct 31 (Reuters) - Smurfit Kappa Group PLC ::SMURFIT KAPPA TO EXPAND ITS SOUTHEAST EUROPEAN FOOTPRINT WITH ACQUISITION OF LARGEST INTEGRATED PACKAGING BUSINESS IN SERBIA.AGREED TO ACQUIRE FABRIKA HARTIJE D.O.O. BEOGRAD PAPER MILL AND AVALA ADA D.O.O. BEOGRAD CORRUGATED PLANT.CORRUGATED PLANT HAS A CURRENT PRODUCTION OF APPROXIMATELY 110 MILLION SQUARE METRES.CONSIDERATION WILL BE FUNDED FROM GROUP'S EXISTING RESOURCES.CONTAINERBOARD MILL WITH A CURRENT CAPACITY OF 120,000 TONNES. 

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