Smurfit Kappa completes acquisition of Reparenco

3rd July 2018


Smurfit Kappa Group is pleased to announce that it has completed the acquisition of Reparenco, a paper and recycling business in the Netherlands, for €460 million.

The acquisition represents a transaction multiple, pre-synergies, of 6.4x Reparenco’s 2018 expected full year EBITDA of €72million. Reparenco’s strong 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.

Smurfit Kappa, CEO, Europe, Saverio Mayer, said: “We are very pleased to complete the acquisition of Reparenco and to welcome their 315 employees to Smurfit Kappa. There is a strong cultural fit between our businesses and we are excited about the potential for Reparenco within the Smurfit Kappa integrated system.

Reparenco represents early delivery of a central element of our Medium Term Plan – to increase our European recycled containerboard capacity. It is ideally situated in our core European operating region where we continue to see strong demand driven by growth in e-commerce and increased......



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