Cartonbox : Smurfit Kappa Acquires Folding Carton Company In Mexico

Smurfit Kappa Group has announced the acquisition of Cartonbox, a folding carton company located in Monterrey, Mexico. The acquisition sees the group strengthen its participation in the paper packaging solutions business in Mexico, and expand its footprint to four folding carton locations in the country. The move reaffirms the packaging firm's commitment to paper-based packaging as its core strategic business. In June, the packaging expanded its presence in Latin America with the acquisition of paper-based packaging company Cartones del Pacifico in Peru. Cartonbox Commenting on the acquisition, Smurfit Kappa The Americas CEO, Juan G Castaneda, said, "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." Castaneda also spoke highly of the group, saying he was "very proud" to announce...