The Smurfit Kappa Group plc is Europe's leading corrugated packaging company and one of the leading paper-based packaging companies in the world. It is listed on the

London Stock Exchange London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pau ...

and is a constituent of the

FTSE 100 Index The Financial Times Stock Exchange 100 Index, also called the FTSE 100 Index, FTSE 100, FTSE, or, informally, the "Footsie" , is a share index of the 100 companies listed on the London Stock Exchange with (in principle) the highest marke ...

History

The company was established as a box-maker in

Rathmines Rathmines () is an affluent inner suburb on the Southside of Dublin in Ireland. It lies three kilometres south of the city centre. It begins at the southern side of the Grand Canal and stretches along the Rathmines Road as far as Rathgar to t ...

Dublin Dublin (; , or ) is the capital and largest city of Ireland. On a bay at the mouth of the River Liffey, it is in the province of Leinster, bordered on the south by the Dublin Mountains, a part of the Wicklow Mountains range. At the 2016 ...

, Ireland in 1934 and was acquired by Mr Jefferson Smurfit in 1938, trading afterwards as Jefferson Smurfit. It was listed on the

Irish Stock Exchange Euronext Dublin (formerly The Irish Stock Exchange, ISE; ga, Stocmhalartán na hÉireann) is Ireland's main stock exchange, and has been in existence since 1793. The Euronext Dublin lists debt and fund securities and is used as a European ga ...

in 1964 and acquired a partial interest in Time Industries, a

Chicago (''City in a Garden''); I Will , image_map = , map_caption = Interactive Map of Chicago , coordinates = , coordinates_footnotes = , subdivision_type = List of sovereign states, Count ...

-based paper and packaging company, in 1974. Jefferson Smurfit grew under the leadership of the founder's son, Sir Michael Smurfit, who became

Chief Executive A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...

in 1977. It merged its 46%-owned US business with

Chicago (''City in a Garden''); I Will , image_map = , map_caption = Interactive Map of Chicago , coordinates = , coordinates_footnotes = , subdivision_type = List of sovereign states, Count ...

-based Stone Container Corporation to form Smurfit-Stone Container Corporation in 1998. Jefferson Smurfit was the subject of a

management buyout A management buyout (MBO) is a form of acquisition in which a company's existing managers acquire a large part, or all, of the company, whether from a parent company or individual. Management-, and/or leveraged buyout became noted phenomena o ...

financed by

Madison Dearborn Partners Madison Dearborn Partners (MDP) is an American private equity firm specializing in leveraged buyouts of privately held or publicly traded companies, or divisions of larger companies; recapitalizations of family-owned or closely held companies; ba ...

Cinven Cinven is a global private equity firm founded in 1977, with offices in nine international locations in Guernsey, London, New York, Paris, Frankfurt, Milan, Luxembourg, Madrid, and Hong Kong that acquires Europe and United States based corporat ...

Limited and

CVC Capital Partners CVC Capital Partners is a Luxembourg-based French private equity and investment advisory firm with approximately US$133 billion of assets under management and approximately €157 billion in secured commitments since inception across American, Eu ...

in 2002. It merged with Kappa Packaging in 2005, changing its name to Smurfit Kappa, and was the subject of an

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investme ...

in 2007. In 2012 it bought Orange County Container, a US-based packaging company, for $340 million. In 2016 it acquired two Brazilian Companies for €186 million.

Operations

The company specialises in manufacturing paper-based packaging, with a network of paper, recycling and forestry operations. It is an integrated producer, with packaging plants sourcing the major part of their raw material requirements from the company's own paper mills. In turn, the sourcing of recovered fibre and wood for the mills is managed through a combination of reclamation and forestry operations and purchases from third parties. It operates across 35 countries - 22 in Europe, 13 in the Americas. Its global headquarters are in Dublin, with regional headquarters in Amsterdam and Miami.

References

External links

Smurfit Kappa Group Official Site
{{FTSE 100 Index constituents Multinational companies headquartered in the Republic of Ireland Pulp and paper companies of the Republic of Ireland Packaging companies of Ireland Manufacturing companies established in 1934 2007 initial public offerings Irish brands 1934 establishments in Ireland Recycling organizations Companies listed on Euronext Dublin Companies listed on the London Stock Exchange