Smurfit Kappa acquires two Brazilian packaging businesses
BRAZIL • Smurfit Kappa, a paper-based packaging supplier, has acquired Brazilian companies Industria de Embalagens Santana (INPA) and Paema Embalagens for approximately USD 199 million in December 2015.
Both INPA and Paema were privately owned integrated packaging businesses. Together, the companies have three recycled containerboard mills with a capacity of 210,000 tonnes and four corrugated facilities servicing Northeastern Brazil, through the Rio and Sao Paulo regions, and the south of the country. The combined business employs more than 1,700 people.