NEWS

Smurfit Kappa to enter Central American market through Cybsa acquisition

Wednesday, Mar 11, 2015

Smurfit Kappa Gorup has greed to acquire Central America based packaging supplier Grupo Cybsa.

Smurfit Kappa Group (SKG) is further strengthening its presence in the high-growth markets in Central and South America. The Irish group has agreed to acquire Grupo Cybsa, a non-integrated corrugated, folding cartons and flexible packaging manufacturer with five operations in El Salvador and Costa Rica.

Cybsa is a private company with approximately 1,000 employees, net assets at 31 December 2014 of approximately US$40m. The company reported an EBITDA of nearly US$13m for 2014.

According to a press statement, the acquisition is intended to provide the group with an "unrivalled packaging footprint across 12 countries from the southern United States to Argentina."

 

Source : http://www.euwid-paper.com/

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