The terms of the agreement were not disclosed. Credit: Smurfit Kappa.

Smurfit Kappa, a sustainable packaging solutions provider, has agreed to acquire a Bulgaria-based Bag-in-Box packaging facility, Artemis.  

The strategic move will expand the company’s presence and customer base in Eastern Europe while also increasing its product portfolio and innovation capabilities in the bag-in-box sector. 

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Located in Shumen, Artemis specialises in food and beverage packaging, producing bags for bag-in-box products, as well as films and caps specifically for wine.  

Following the acquisition, Artemis will be integrated into Kappa’s extensive bag-in-box operations in Europe. 

The financial terms of the deal have not been disclosed. 

Smurfit Kappa Bag-in-Box CEO Massimiliano Bianchi 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.” 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

With more than four decades of industry experience globally, Smurfit Kappa Bag-in-Box is one of the European leaders in bag-in-box solutions.  

The company’s Vitop tap holds the top position globally for wine taps.  

The company provides a comprehensive array of flexible packaging solutions for a variety of products, including wine, juice, dairy, water, oils, and others.

In February this year, Smurfit Kappa announced a significant investment of €54m ($58.76m) to scale up its bag-in-box capacity in Spain.  

The investment is expected to double the capacity of its bag-in-box Ibi plant in Alicante.