The terms of the agreement were not disclosed. Credit: Smurfit Kappa.

Smurfit Kappa, a sustainable packaging solutions provider, has agreed to acquire a Bulgaria-based Bag-in-Box packaging facility, Artemis.  

The strategic move will expand the company’s presence and customer base in Eastern Europe while also increasing its product portfolio and innovation capabilities in the bag-in-box sector. 

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Located in Shumen, Artemis specialises in food and beverage packaging, producing bags for bag-in-box products, as well as films and caps specifically for wine.  

Following the acquisition, Artemis will be integrated into Kappa’s extensive bag-in-box operations in Europe. 

The financial terms of the deal have not been disclosed. 

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Smurfit Kappa Bag-in-Box CEO Massimiliano Bianchi 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.” 

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With more than four decades of industry experience globally, Smurfit Kappa Bag-in-Box is one of the European leaders in bag-in-box solutions.  

The company’s Vitop tap holds the top position globally for wine taps.  

The company provides a comprehensive array of flexible packaging solutions for a variety of products, including wine, juice, dairy, water, oils, and others.

In February this year, Smurfit Kappa announced a significant investment of €54m ($58.76m) to scale up its bag-in-box capacity in Spain.  

The investment is expected to double the capacity of its bag-in-box Ibi plant in Alicante.