Smurfit Kappa to divest two board and packaging plants in Germany

14 May 2018 − 

Carton production in the Gernsbach plant "not part of SKG's core business"

Smurfit Kappa Group (SKG) said it intends to divest its German subsidiaries Smurfit Kappa Packaging GmbH and Smurfit Kappa Baden Karton GmbH. The group is currently talking to Munich-based LIVIA group about the sale, Thomas Ruth, CEO of Smurfit Kappa Baden Packaging told EUWID.

LIVIA group is an independent industrial holding and private investment company headed by Dr Peter Löw. Explaining the decision to divest the subsidiaries, SKG said that their activities involving carton production and conversion like in the Gernsbach plants does not belong to SKG’s core business which lies in the secondary packaging segment.

The two mills currently employ slightly over 300 persons. Smurfit Kappa Baden Karton is mainly producing GD and GT cartonboard on one machine. Smurfit Kappa Packaging GmbH makes various board packagings for consumer food products.

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