A €360 million (£304 million) acquisition of the Verzuolo mill in Italy has been completed by Smurfit Kappa Group.
The PM9 machine at the mill in northern Italy was converted into a state-of-the-art recycled containerboard machine in 2019.
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It is located close to the port of Savona.
Smurfit Kappa Group chief executive Tony Smurfit said: “We are pleased to complete this acquisition ahead of schedule. Verzuolo brings a highly experienced and skilled team providing additional security of supply for SKG’s customers. As we continue to invest in our corrugated facilities, Verzuolo strengthens the Group’s integrated model and supports our sustainability ambitions.”
