Smurfit Kappa Group Completes Acquisition Of Reparenco
Smurfit Kappa Group has acquired Netherlands-based paper and recycling business Reparenco for €460 million.
Omitting synergies, the transaction is 6.4 times the expected EBITDA for full 2018, of €72 million. Including synergies, the acquisition is under 4.5 times the EBITDA.
Under Smurfit Kappa Group's ownership, Reparenco is expected to deliver synergies topping €30 million, according to the packaging firm.
Reparenco operates predominantly in the Netherlands, with a two-machine paper mill with a capacity of 405,000 tonnes of recycled containerboard, as well as the capacity for 270,000 tonnes of graphic paper that has the potential for being converted to containerboard.
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