Smurfit Kappa expands operations with Russian acquisition
Smurfit Kappa acquired Russian corrugated packaging company Soyuz in a move that will bolster the paper-based packaging company’s position in the market.
Soyuz, based in Moscow, produces corrugated packaging for a range of sectors and has around 300 employees.
Smurfit Kappa has three existing plants in St. Petersburg, Russia, producing paper-based and bag-in-box products for customers across Europe.
The acquisition will enable Smurfit Kappa to strengthen its position in Russia and broaden its offering to its multinational and local customers. The company adds that it will also establish Smurfit Kappa as a leading international corrugated packaging supplier in Russia.
Saverio Mayer, CEO of Smurfit Kappa Europe, says, “This acquisition supports our continued drive to increase our customer offering and our unique packaging business applications will help further develop the Soyuz operations.
“Our wide range of corrugated products, along with our innovative and rapidly growing bag-in-box business, opens up many opportunities for both Smurfit Kappa and our customers in Russia.”
