Smurfit Kappa, a leading sustainable packaging provider, has signed an agreement to acquire Artemis Ltd., a Bag-in-Box packaging plant located in Shumen, Bulgaria.
The acquisition will allow Smurfit Kappa to expand its presence and customer base in Eastern Europe, enhancing its product portfolio and innovation capabilities in the bag-in-box sector.
Massimiliano Bianchi, CEO of Smurfit Kappa Bag-in-Box, stated that the acquisition was strategic to boost growth in the European market and expand reach in the eastern region. It will enable them to offer outstanding product quality, high-quality service, and Smurfit Kappa's global expertise to customers.
Artemis focuses on food and beverage packaging, producing bags for Bag-in-Box products, as well as films and caps for wine. It will join Smurfit Kappa's existing network of Bag-in-Box operations in Europe.
Smurfit Kappa Bag-in-Box is the European leader for Bag-in-Box® solutions, and its Vitop® tap is number one worldwide for wine taps. The company offers a complete range of flexible packaging solutions for liquid and semi-liquid products and has over 40 years of experience in the industry.
