Smurfit Kappa UK to buy Saxon Packaging

6 November 2016 (Last Updated November 6th, 2016 18:30)

Smurfit Kappa UK, a subsidiary of paper-based packaging provider Smurfit Kappa Group, has agreed to acquire Saxon Packaging for an undisclosed sum.

Smurfit Kappa UK, a subsidiary of paper-based packaging provider Smurfit Kappa Group, has agreed to acquire Saxon Packaging for an undisclosed sum.

Headquartered in Lowestoft, Norfolk, UK, Saxon Packaging currently converts board into corrugated boxes and fitments.

With recent investments in new technology machinery, the company mainly serves customers in Suffolk, East Anglia and home counties in the UK.

“These acquisitions support our continued drive to ‘open the future’ within the UK packaging market."

Smurfit Kappa UK CEO Clive Bowers said: “I am delighted with this acquisition which will integrate another strong professional management team into the Smurfit Kappa organisation. 

“The culture of this company is very much aligned with the Smurfit Kappa philosophy, having built excellent businesses in selected customer and product sectors which will add to our existing strengths. 

“These acquisitions support our continued drive to ‘open the future’ within the UK packaging market, further developing our customer offer, brand and reputation in a way that truly sets us apart.”

In January, Smurfit Kappa acquired two Brazilian integrated paper-based packaging businesses, Industria de Embalagens Santana (INPA) and Paema Embalagens, for a total consideration of around €186m.

The combined operations of INPA and Paema have three recycled containerboard mills with a total capacity of 210,000t and four corrugated facilities, catering to the Northeast of Brazil.