Smurfit Kappa Acquires Soyuz

Smurfit Kappa has acquired Russian corrugated packaging company Soyuz, reinforcing its position in the region.
 
Soyuz, based in Moscow, produces corrugated packaging for a range of sectors and has approximately 300 employees.
 
Smurfit Kappa already has three plants in Saint Petersburg, Russia, producing paper-based and Bag-in-Box products for customers across Europe. The acquisition establishes Smurfit Kappa as the leading international corrugated packaging supplier in Russia, according to the company.
 
“Russia is an attractive growth market for us with exciting potential,” Pim Wareman, CEO of Smurfit Kappa North East Europe, said. “We are pleased to expand our footprint in this market and in particular within the growing Moscow region.”