Smurfit Kappa to Acquire Bulgarian Bag-in-Box Packaging Plant

SEATTLE (Scrap Monster): European sustainable packaging solutions provider Smurfit Kappa announced that it has entered into an agreement towards acquisition of Artemis Ltd., a Bag-in-Box packaging plant located in Shumen, Bulgaria.

The acquisition will help Smurfit Kappa to expand its presence and customer base in the Eastern European region. Furthermore, it will significantly boost the company’s unique product portfolio and innovation capabilities in the bag-in-box sector. Artemis will now join Smurfit Kappa’s network of European Bag-in-Box operations, the company press release noted.

RELATED NEWS:

Smurfit Kappa Announced Strong Full Year 2023 Results

Smurfit Kappa Announced Major Investment in Bag-In-Box Plant

Commenting on the transaction, Massimiliano Bianchi, CEO of Smurfit Kappa Bag-in-Box noted that the strategic acquisition is expected to boost the company’s growth in the European market and expanding its reach in the eastern regions. The planned additional investments in the plant will ensure high-quality service and better product quality, Bianchi added.

The company is a leader among Bag-in-Box solutions providers in the European region. It offers a wide range of flexible packaging solutions for liquid and semi-liquid products. With over 40 years of experience, the company’s Bag-in-Box division has operations across the globe.