Smurfit Kappa, one of the world’s leading paper-based packaging firms, has acquired the Russian corrugated packaging company, Soyuz, reinforcing its position in the region.
Soyuz, based in Moscow, produces corrugated packaging for a range of sectors and has approximately 300 employees. Smurfit Kappa already has three plants in Saint Petersburg, Russia producing paper-based and Bag-in-Box products for customers across Europe.
The acquisition establishes Smurfit Kappa among the top international corrugated packaging suppliers in Russia. Speaking about the latest acquisition, Pim Wareman CEO of Smurfit Kappa North East Europe, said: “I am delighted with the acquisition of Soyuz and welcome its employees into the Smurfit Kappa Group. Russia is an attractive growth market for us with exciting potential. We are pleased to expand our footprint in this market and in particular within the growing Moscow region.”
Saverio Mayer, CEO of Smurfit Kappa Europe said: “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.”
