Smurfit Kappa has acquired Artemis Limited, a bag-in-box packaging plant located in Shumen, Bulgaria, to expand its presence and customer base in Eastern Europe, as well as enhance its product portfolio and innovation capabilities in the bag-in-box sector.
Jun 14, 2024
Smurfit Kappa, one of the world’s leading providers of sustainable packaging solutions, has announced it has signed an agreement to acquire Artemis Limited, a bag-in-box packaging plant located in Shumen, Bulgaria.
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Artemis focuses on food and beverage packaging and makes bags for bag-in-box products as well as for films and caps for wine. Artemis will join Smurfit Kappa’s network of bag-in-box operations in Europe. The acquisition will allow Smurfit Kappa to expand its presence and customer base in Eastern Europe, as well as to enhance its product portfolio and innovation capabilities in the bag-in-box sector.
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Mr. Massimiliano Bianchi, CEO of Smurfit Kappa Bag-in-Box, said: “We made this acquisition strategically to boost our growth in the European market and expand our reach in its eastern region. By continuing to develop and invest in this plant, we can offer our customers more benefits, such as outstanding product quality, high-quality service and the wide-ranging and global expertise of Smurfit Kappa.”
