Irish paper and packaging business Smurfit Kappa enters Brazil

Irish paper and packaging business, Smurfit Kappa Group has extended its presence in the Americas with the purchase of two Brazilian businesses for €186m. The two companies are privately-owned integrated packaging businesses.

The acquisition of Industria de Embalagens Santana and Paema Embalagens offers the Dublin-based group “a strong entry point” into a market it has been looking at for some time and means it now has a presence in every country in South America.

Smurfit Kappa Group is already the leading pan-regional packaging player in Latin America and this move will improve its packaging offering to multinationals operating in the Americas.