Smurfit Kappa announced it has signed an agreement to acquire PaperBox, a packaging plant located in Saquarema, 70 kms east of Rio de Janeiro. The transaction, which is subject to the approval of regulatory bodies, is expected to close at the end of October. Brazil is the largest corrugated cardboard market in Latin America, with 7.4 billion square meters produced annually, and the Southeast region, where PaperBox is located, equates to 46% of this volume. This acquisition represents a furthe...