Smurfit Kappa offloads non-core European assets

Smurfit Kappa has agreed to sell off a range of non-core assets in what is described by the buyer as its biggest equity investment to date.

Pan-European investor Aurelius has struck a deal for a number of mills and converting sites located in the Netherlands, Belgium, and the UK.

“We are excited about working with this business to build on the existing strong market position through a focus on innovation, a revitalised sales function, and improved production efficiency,” said Aurelius chief executive Dirk Markus.