Smurfit Kappa confirms purchase of corrugated plant in Serbia for $150mn

The Ireland-based corrugated packaging company, Smurfit Kappa, has announced an agreement to purchase Fabrika Hartije Beograd (FHB) paper mill and Avala Ada corrugated plant in Serbia for a sum of $150mn from Kappa Star Group.

Through the agreement, it is anticipated that the acquisition will expand Smurfit Kappa’s geographic footprint, in addition to offering a full containerboard integration in the company’s packaging operations in Southeast Europe.

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