Smurfit Kappa acquires new folding carton plant in Mexico

Irish company now has four folding carton plants in country

‘Our top priority is to generate value for our stakeholders, and Mexico has shown to be a key country for us to invest in,’ says Juan Castaneda, chief executive of Smurfit Kappa The Americas. Photograph: Jason Alden/Bloomberg

‘Our top priority is to generate value for our stakeholders, and Mexico has shown to be a key country for us to invest in,’ says Juan Castaneda, chief executive of Smurfit Kappa The Americas. Photograph: Jason Alden/Bloomberg

 

Packaging group Smurfit Kappa has acquired Cartonbox, a folding carton company located in Monterrey, in the northeast of Mexico, for an undisclosed sum.

The transaction expands the Irish-listed company’s footprint in Mexico. It now has four four folding carton locations in the country.

“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,” Smurfit Kappa The Americas chief executive Juan Castaneda said.

“ 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,” he said.