Irish paper-based packaging products manufacturer Smurfit Kappa Group has reached a deal to acquire Dutch paper and recycling business Reparenco for around €460m.

Reparenco operates a two machine paper mill in the Netherlands with a capacity of 675,000t as well as a 750,000t recovered fibre operation.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The mill comprises two machines with a capacity of 405,000t of recycled containerboard and 270,000t of graphic paper.

"The acquisition of Reparenco is complementary with our existing business; strengthens our integrated business model; and accelerates a central element of our medium term plan."

With gross assets of €189m, the Dutch company has a workforce of 315 people.

In the 12 months to April this year, the company generated earnings before interest, taxes, depreciation, and amortisation (EBITDA) of €41m.

For Reparenco, the deal represents 6.4 times the value of its expected full-year 2018 EBITDA of €72m.

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.

Smurfit Kappa Group CEO Tony Smurfit said: “We are pleased to announce our agreement to acquire Reparenco, successfully concluding a process which began on 01 February this year.

“The acquisition of Reparenco is complementary with our existing business; strengthens our integrated business model, and accelerates a central element of our medium-term plan.

“We welcome all the Reparenco employees to Smurfit Kappa. We believe there is a strong cultural fit between our businesses and that, together, we will generate value in the short, medium and long term for all our stakeholders.”

The transaction will provide near-term synergies to Smurfit Kappa in several areas, including increased integration of containerboard and the recycling operations into the group.

Conditional on certain closing conditions and receipt of regulatory approval, the transaction is anticipated to be completed within four to six weeks.