07.06.21
Smurfit Kappa Group announced that it has completed the acquisition of Cartonbox, a folding carton company located in Monterrey, in the northeast of Mexico.
The acquisition represents an 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.
“As a global company, our objective has always been to strengthen our leadership across the globe,” said Juan G. Castaneda, Smurfit Kappa The Americas CEO. “Our top priority is to generate value for our stakeholders, and Mexico has shown to be a key country for us to invest in. 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.”
“Smurfit Kappa Mexico welcomes 240 employees from Cartonbox to our family, and I could not be more pleased,” added Jorge Alberto Angel, Smurfit Kappa Mexico CEO. “Pri-or to the acquisition, we had three folding carton operations in Mexico, located in the Met-ropolitan 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.”
The acquisition represents an 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.
“As a global company, our objective has always been to strengthen our leadership across the globe,” said Juan G. Castaneda, Smurfit Kappa The Americas CEO. “Our top priority is to generate value for our stakeholders, and Mexico has shown to be a key country for us to invest in. 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.”
“Smurfit Kappa Mexico welcomes 240 employees from Cartonbox to our family, and I could not be more pleased,” added Jorge Alberto Angel, Smurfit Kappa Mexico CEO. “Pri-or to the acquisition, we had three folding carton operations in Mexico, located in the Met-ropolitan 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.”
