Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Ireland
  4. Irish Stock Exchange
  5. Smurfit Kappa Group Plc
  6. News
  7. Summary
    SK3   IE00B1RR8406

SMURFIT KAPPA GROUP PLC

(SK3)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Smurfit Kappa : acquires operations in Mexico, strengthening its customer offering

07/05/2021 | 02:34am EDT

Smurfit Kappa Group, one of the world's largest integrated manufacturers of paper-based packaging products with operations in Europe and the Americas, is pleased to announce that it has completed the acquisition of Cartonbox, a folding carton company located in Monterrey, in the north-east of Mexico.

The acquisition represents an important milestone for the Company as it strengthens its participation in the paper packaging solutions business in Mexico, expands its footprint to four folding carton locations in the country, and reaffirms its commitment to paper-based packaging as the core strategic business for the Company.

Commenting on the acquisition, Smurfit Kappa The Americas CEO, Juan G. Castaneda, said: 'As a global company, our objective has always been to strengthen our leadership across the globe. Our top priority is to generate value for our stakeholders, and Mexico has shown to be a key country for us to invest in. I am very proud to announce that we successfully acquired Cartonbox. Not only does this increase our footprint in the country, but it also allows us to answer our customers' needs and expectations. I am certain this will help us move a step forward in becoming the leading paper-based packaging company in Mexico.'

Jorge Alberto Angel, Smurfit Kappa Mexico CEO, said: 'Smurfit Kappa Mexico welcomes 240 employees from Cartonbox to our family, and I could not be more pleased. Prior to the acquisition, we had three folding carton operations in Mexico, located in the Metropolitan Area of Mexico City and in Tijuana. This acquisition gives us the opportunity to directly supply our customers in the northern region of the country. I am certain that using our best-in-class operating systems, procurement arrangements, global mindset, and our design and innovation focus, we are well positioned to partner with new and current customers in the FMCG, food and beverage, bakery and office supplies sectors.'

Disclaimer

Smurfit Kappa Group plc published this content on 05 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 July 2021 06:33:02 UTC.


ę Publicnow 2021
All news about SMURFIT KAPPA GROUP PLC
09/16SMURFIT KAPPA : Consumers say sustainable packaging influences their purchasing decisions
PU
09/15SMURFIT KAPPA : Announces the Pricing of its Inaugural Green Bond Offering
PU
09/15SMURFIT KAPPA : Launches $1.18 Billion Notes Offering
MT
09/15SMURFIT KAPPA : Announces the Launch of its Inaugural Green Bond Offering
PU
09/15Smurfit Kappa Group plc Announces A Dual-Tranche Offering by One of Its Wholly-Owned Su..
CI
09/13SMURFIT KAPPA : Eyes $1.18 Billion Financing As It Launches Green Finance Framework
MT
09/13SMURFIT KAPPA : Announces the Launch of its Green Finance Framework and Commencement of Di..
PU
08/25SMURFIT KAPPA : announces multimillion Mexican investment
PU
08/19UK's McBride warns 'exceptional' cost rises to hammer 2022 profit
RE
08/02SMURFIT KAPPA : Jefferies Lowers Smurfit Kappa's To Hold From Buy, Ups PT
MT
More news
Analyst Recommendations on SMURFIT KAPPA GROUP PLC
More recommendations
Financials
Sales 2021 9 564 M 11 207 M 11 207 M
Net income 2021 677 M 794 M 794 M
Net Debt 2021 2 796 M 3 276 M 3 276 M
P/E ratio 2021 17,7x
Yield 2021 2,62%
Capitalization 12 000 M 14 061 M 14 061 M
EV / Sales 2021 1,55x
EV / Sales 2022 1,44x
Nbr of Employees 46 000
Free-Float 99,2%
Chart SMURFIT KAPPA GROUP PLC
Duration : Period :
Smurfit Kappa Group Plc Technical Analysis Chart | SK3 | IE00B1RR8406 | MarketScreener
Technical analysis trends SMURFIT KAPPA GROUP PLC
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 9
Last Close Price 46,45 €
Average target price 54,11 €
Spread / Average Target 16,5%
EPS Revisions
Managers and Directors
Anthony Paul James Smurfit Group Chief Executive Officer & Executive Director
Kenneth Bowles Group Chief Financial Officer & Executive Director
Irial Finan Chairman
Arco Berkenbosch Vice President-Marketing, Research & Development
Richard Schouten Group Vice President-Information Systems
Sector and Competitors
1st jan.Capi. (M$)
SMURFIT KAPPA GROUP PLC22.24%14 098
INTERNATIONAL PAPER COMPANY12.39%21 840
PACKAGING CORPORATION OF AMERICA1.31%13 178
WESTROCK COMPANY11.79%12 993
MONDI PLC7.85%12 204
SIG COMBIBLOC GROUP AG30.77%9 772