Smurfit Kappa agrees to acquire state of the art 600,000 tonne recycled containerboard mill
Smurfit Kappa Group plc (“SKG” or the “Group”) agrees to acquire Verzuolo, a containerboard business in Northern Italy, for a cash consideration of €360 million. The Verzuolo mill owned by the Burgo Group, is situated close to the port of Savona in the northwest of Italy. The PM9 machine was newly constructed in 2002 and converted into a 600,000 tonne capacity recycled containerboard machine in 2019.