Industry News, Mergers and Acquisitions, Printers News

Smurfit Kappa Group Completes Reparenco Acquisition

Smurfit Kappa purchased the Netherlands-based paper and recycling business for €460 million.

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By: Anthony Locicero

Copy editor, New York Post

Smurfit Kappa Group said it completed its €460 million acquisition of Reparenco, a Netherlands-based paper and recycling business . The acquisition represents a transaction multiple, pre-synergies, of 6.4x Reparenco’s 2018 expected full year EBITDA of €72million.   Reparenco’s strategic fit with SKG’s existing European businesses is expected to deliver synergies of in excess of €30 million. Including synergies, the acquisition multiple is less than 4.5x EBITDA.   “There is a strong cultura...

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