|
Press Release |
04 June 2024
Smurfit Kappa acquires bag-in-box plant in Bulgaria
Smurfit Kappa, one of the world's leading providers of sustainable packaging solutions, has announced it has signed an agreement to acquire Artemis Ltd., a bag-in-box packaging plant located in Shumen, Bulgaria.
Artemis focuses on food and beverage packaging and makes the bags for bag-in-box products as well as films and caps for wine. Artemis will join Smurfit Kappa’s network of Bag-in-Box operations in Europe. The acquisition will allow Smurfit Kappa to expand its presence and customer base in Eastern Europe, as well as to enhance its product portfolio and innovation capabilities in the bag-in-box sector.
Massimiliano Bianchi, CEO of Smurfit Kappa Bag-in-Box, said: "We made this acquisition strategically to boost our growth in the European market and expand our reach in its eastern region. By continuing to develop and invest in this plant, we can offer our customers more benefits, such as outstanding product quality, high-quality service and the wide-ranging and global expertise of Smurfit Kappa."
Smurfit Kappa Bag-in-Box is the European leader for Bag-in-Box® solutions and its Vitop® tap is number one worldwide for wine taps. The company offers a complete range of flexible packaging solutions for liquid and semi-liquid products, such as wine, dairy, juice, water, oils and other non-food products. Smurfit Kappa Bag-in-Box operates globally and has over 40 years of experience in the industry.
Ends
Media Contact
Name: Galina Smirnova
Smurfit Kappa Bag-in-Box
Tel: +33 6 18 14 06 51
Email: galina.smirnova@smurfitkappa.fr
About Smurfit Kappa
Smurfit Kappa, a FTSE 100 company, is one of the leading providers of paper-based packaging solutions in the world, with approximately 47,000 employees in over 350 production sites across 36 countries and with revenue of approximately €11.3 billion in 2023. We are located in 22 countries in Europe, 13 in the Americas and one in Africa. We are the only large-scale pan-regional player in Latin America. Our products, which are 100% renewable and produced sustainably, improve the environmental footprint of our customers.
With our proactive 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-based 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.
We have a proud tradition of supporting social, environmental and community initiatives in the countries where we operate. Through these projects we support the UN Sustainable Development Goals, focusing on where we believe we have the greatest impact.
Follow us on LinkedIn, X, Facebook, YouTube.
smurfitkappa.com
About Smurfit Kappa Bag-in-Box
Smurfit Kappa Bag-in-Box provides flexible packaging solutions for liquid and semi-liquid products in the agricultural, food and industrial sectors, meeting cost constraints and the new environmental regulations. With its eight factories throughout the world, Smurfit Kappa Bag-in-Box is the European leader for Bag-in-Box solutions and its Vitop® tap is number one worldwide for wine taps.
