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Smurfit Kappa Earnings Soar As It Fights Off International Paper Interest

Published on May 4 2018 1:05 PM in Packaging And Design tagged: Trending Posts / Smurfit Kappa / Financial Results / Paywall / International Paper

Smurfit Kappa Earnings Soar As It Fights Off International Paper Interest

Smurfit Kappa's first quarter earnings soared 22% which the Irish packaging group said on Friday should translate into a 'materially better' full year outcome as it fights off interest from US rival International Paper.

Smurfit Kappa frustrated a bid to combine the largest listed US paper packaging firm with Europe's biggest when it rejected a raised takeover offer in March, arguing it was better served pursuing its future as an independent company.

Robust Demand

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