Smurfit Kappa purchase extends Russian presence

Paper and packaging giant Smurfit Kappa Group has extended its presence in Russia with the acquisition of a Moscow-based corrugated packaging company for an undisclosed sum.

The company already has three plants in St Petersburg which produce products for customers in Europe. The group said this move will establish it as the leading international corrugated packaging supplier in Russia and enable it to further strengthen its position in the region and broaden its offering to its multinational and local customers.

“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,” said Pim Wareman, chief executive of Smurfit Kappa North-East Europe.