Smurfit Kappa (SMFKY) to Acquire Bulgarian Bag-in-Box Plant [Yahoo! Finance]
SMURFIT KAPPA GROUP ADR (SMFKY)
NASDAQ:AMEX Investor Relations:
smurfitkappa.com/vhome/com/investors
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Source: Yahoo! Finance
This move will strengthen SMFKY's presence and customer base in Europe, enhance its product portfolio and add to its innovation capabilities in the promising Bag-in-Box sector. Artemis has been manufacturing Bag-in-Box packaging for liquid food products for more than a decade. It also makes caps for wine and alcoholic drinks. Smurfit Kappa is one of the few providers offering comprehensive Bag-in-Box and Pouch-Up packaging systems. Bag-in-Box is a sustainable choice of packaging for many industries, such as wine and other liquid food items, dairy as well as non-food applications, such as motor oil and chemicals. One of the main advantages of Bag-in-Box packaging is that it helps to significantly extend the shelf life of liquid products, thus minimizing wastage. The company's Vitop Original tap is the preferred closure solution choice for Bag-in-Box wines and juices due to its quality and reliability, with global sales of more than 6 billion. In 2023, Smurfit Kappa patented an in
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