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Acquires the largest integrated packaging business in Serbia.
November 1, 2018
By: DAVID SAVASTANO
Editor, Ink World Magazine
Smurfit Kappa Group plc announced that it has agreed to acquire Fabrika Hartije d.o.o. Beograd (FHB) paper mill and Avala Ada d.o.o. Beograd (Avala Ada) corrugated plant, in Belgrade, for €133 million) from Kappa Star Group. The acquisition will expand SKG’s geographic footprint and provide for full containerboard integration in the group’s packaging operations in Southeast Europe. FHB and Avala Ada have a leading market position in Serbia and solid positions in adjacent countries. The conta...
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