DUBLIN & LONDON--(BUSINESS WIRE)--
Sale of SKG Solidboard and Graphicboard operations in the Netherlands, Belgium, and the UK to the Aurelius Group
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 €42 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 €8.1 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.
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