Smurfit Kappa Expands its Bag-in-Box Business in Europe with Acquisition of Litbag
(Dublin, Ireland, Feb. 14, 2017) Smurfit Kappa announces an agreement to purchase the company Litbag, in order to reinforce its position in Southern Europe.
Terms of the deal were not disclosed.
According to Smurfit Kappa, Litbag has specific expertise in multi-layer EVOH barrier films which offer the advantage of extended product shelf life. Today it is one of the leaders in the Portuguese wine market exporting to several countries including Spain and France.
“The Bag-in-Box® business continues to show significant potential for our Group. We are excited to develop our global footprint further and we see great opportunities for our Bag-in-Box business on a world-wide scale in the years ahead,” said Roberto Villaquiran, CEO Smurfit Kappa Europe.
Smurfit Kappa is one of the leading producers of paper-based packaging. To learn more, please visit: www.smurfitkappa.com (Source: Smurfit Kappa)
Cover Image: bag-in box (representational purposes only)