Smurfit Kappa

Last updated
Smurfit Kappa Group plc
Company type Public limited company
Euronext Dublin:  SK3
ISEQ 20 component
LSE:  SKG
FTSE 100 component
ISIN IE00B1RR8406
IndustryPackaging
Founded1934
Headquarters Dublin, Ireland
Key people
ProductsPaper-based packing containers
RevenueDecrease2.svg 11,272 million (2023) [1]
Decrease2.svg 1,403 million (2023) [1]
Decrease2.svg 759 million (2023) [1]
Number of employees
47,000 (2024) [2]
Website www.smurfitkappa.com

Smurfit Kappa Group plc is a corrugated packaging company and paper-based packaging company based in Dublin, Ireland. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.

Contents

History

The company was established as a box-maker in the Rathmines area of Dublin, Ireland in 1934 and was acquired by Mr Jefferson Smurfit in 1938, trading afterwards as Jefferson Smurfit. [3] It was listed on the Irish Stock Exchange in 1964 and acquired a partial interest in Time Industries, a Chicago-based paper and packaging company, in 1974. [4] Jefferson Smurfit grew under the leadership of the founder's son, Sir Michael Smurfit, who became Chief Executive in 1977. [5]

It merged its 46%-owned US business with Chicago-based Stone Container Corporation to form Smurfit-Stone Container Corporation in 1998. [6]

Jefferson Smurfit was the subject of a management buyout financed by Madison Dearborn Partners, Cinven Limited and CVC Capital Partners in 2002. [7] It merged with Kappa Packaging  [ nl ] in 2005, changing its name to Smurfit Kappa, [8] and was the subject of an initial public offering in 2007. [9]

In 2012 it bought Orange County Container, a US-based packaging company, for $340 million. [10] In 2016 it acquired two Brazilian Companies for €186 million. [11]

In September 2023, it was announced that Smurfit Kappa and the Sandy Springs, Georgia-headquartered corrugated packaging company, WestRock had agreed to merge, to create one of the world's largest paper and packaging producers. [12]

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. [13]

Smurfit Kappa also operates a publishing division aimed at the educational sector in Ireland through its subsidiary, the Educational Company of Ireland, more commonly known as Edco. It distributes textbooks for primary and post-primary education, exam papers, revision books and resources for the Irish Curriculum. [14]

Related Research Articles

<span class="mw-page-title-main">International Paper</span> American pulp and paper company

The International Paper Company is an American pulp and paper company, the largest such company in the world. It has approximately 56,000 employees, and is headquartered in Memphis, Tennessee.

Smurfit-Stone Container Corporation was a global paperboard and paper-based packaging company based in Creve Coeur, Missouri, and Chicago, Illinois, with approximately 21,000 employees. In 2007, Smurfit-Stone was ranked 13 in PricewaterhouseCoopers' "Top 100" forest, paper, and packaging companies in the world as ranked by sales revenue. The company was also among the world's largest paper recyclers.

MeadWestvaco Corporation was an American packaging company based in Richmond, Virginia. It had approximately 23,000 employees. In February 2006, it moved its corporate headquarters to Richmond. In March 2008, the company announced a change to start using "MWV" as its brand, but the legal name of the company remained MeadWestvaco.

<span class="mw-page-title-main">Abitibi-Consolidated</span> Former Canadian pulp and paper company

Abitibi Consolidated Inc. was a Canadian pulp and paper company based in Montreal, Quebec. Abitibi-Consolidated was formed from the merger of Abitibi-Price Inc. and Stone Consolidated Corp. on May 29, 1997; the Company merged with Bowater in 2007 to form AbitibiBowater.

Temple-Inland, Inc. was an American corrugated packaging and building products company. It was acquired by International Paper in 2012.

RockTenn was an American paper and packaging manufacturer based in Norcross, Georgia. In 2015, it merged with MeadWestvaco to form the WestRock company.

<span class="mw-page-title-main">K Club</span> Restaurant in Straffan, Ireland

The Kildare Hotel and Golf Club is a golf and leisure complex located in Straffan, County Kildare, Ireland. It is built on the original grounds of the Straffan estate, incorporating the 1830s Straffan House, and was previously owned by Michael Smurfit.

Sir Michael Smurfit, KBE, is an English-born Irish businessman. In the "2010 Irish Independent Rich List" he was listed as 25th with a €368 million personal fortune.

<span class="mw-page-title-main">Resolute Forest Products</span> Pulp and paper company

Resolute Forest Products, formerly known as AbitibiBowater Inc., is a Canada-based pulp and paper company. Headquartered in Montreal, Quebec, the company was formed in 2007 by the merger of Bowater and Abitibi-Consolidated. At that time, the merged company was the third largest pulp and paper company in North America, and the eighth largest in the world.

Container Corporation of America (CCA) was founded in 1926 and manufactured corrugated boxes. In 1968 CCA merged with Montgomery Ward & Company, Inc., becoming MARCOR. MARCOR maintained separate management for the operations of each company, but had a joint board of directors. In 1986, Mobil Corporation, which had bought MARCOR in the early 1970s, sold the CCA company to the Jefferson Smurfit Corporation, which merged with the Stone Container Corporation in 1998 to become part of the Smurfit-Stone Container Corporation.

Jefferson Smurfit may refer to:

WestRock is an American corrugated packaging company. It was formed in July 2015 after the merger of MeadWestvaco and RockTenn. WestRock is the 2nd largest American packaging company. It is one of the world's largest paper and packaging companies with US$21.3 billion in annual revenue and more than 50,000 team members in more than 300 locations in 30 countries around the world. The company is headquartered in Sandy Springs, Georgia, consolidating offices from Norcross, Georgia and Richmond, Virginia.

Gaylord Container Corporation was an American integrated manufacturer of packaging materials, primarily corrugated containers. Operating from 1986 until 2002, most of the company's facilities were originally part of Crown Zellerbach's container division. Based in Deerfield, Illinois, a suburb north of Chicago, Gaylord Container completed its initial public offering in July 1988 and was listed on the American Stock Exchange. After less than 16 years as a company, it was acquired by a competitor, Temple-Inland, in early 2002, which was acquired by International Paper a decade later in 2012.

<span class="mw-page-title-main">Oji Paper Company</span> Japanese manufacturer

Oji Holdings Corporation is a Japanese manufacturer of paper products. In 2012 the company was the third largest company in the global forest, paper and packaging industry. The company's stock is listed on the Tokyo Stock Exchange and the stock is constituent of the Nikkei 225 stock index.

<span class="mw-page-title-main">Kapstone</span> American pulp and paper company

KapStone Paper & Packaging is an American pulp and paper company based in Northbrook, Illinois. It was founded in 2005 as Stone. Since November 2018 it has been a subsidiary of WestRock Company.

<span class="mw-page-title-main">Diamond Match Company</span>

The Diamond Match Company is a brand of matches and toothpicks, and formerly other wood products and plastic cutlery, that has its roots in a business started in 1853 by Edward Tatnall in Wilmington, Delaware. Ownership passed to William H. Swift and Henry Courtney who operated under the name Swift & Courtney and marketed their product as Diamond State Parlor Matches.

Smurfit may refer to:

<span class="mw-page-title-main">Nippon Paper Industries</span> Japanese paper company

Nippon Paper Industries Co., Ltd. is a Japanese paper manufacturing company. The company's stock is listed on the Tokyo and Nagoya Stock Exchange and on the Osaka Securities Exchange. The stock is also constituent of the Nikkei 225 stock index.

Established in 1914, the Bathurst Power and Paper Company was a combined logging, lumber mill and wood-pulp paper company that supplied its own electric power from Nepisiguit Grand Falls. Its operations were centred at Bathurst, New Brunswick. After changing hands several times over the course of a century, Smurfit-Stone closed the mill in 2006, and sold the site to a redevelopment firm. The redeveloper, which was already defunct by January 2016, was fined $150,000 in July 2016 under the New Brunswick Clean Environment Act.

<span class="mw-page-title-main">Tony Smurfit</span> Irish CEO of Smurfit Kappa Group

Anthony Paul James Smurfit is a British-Irish businessman. He serves as the CEO of FTSE 100 packaging company Smurfit Kappa Group, which is named after his grandfather, John Jefferson Smurfit.

References

  1. 1 2 3 "Annual Results 2023" (PDF). Smurfit Kappa Group. Retrieved 11 February 2024.
  2. "At a glance". Smurfit Kappa. Retrieved 11 February 2024.
  3. "Highlights in the history of the Jefferson Smurfit Group". Pulp & Paper International. November 1996. Retrieved 21 December 2012.
  4. "Boxing clever on the global market". Pulp & Paper International. November 1996. Retrieved 21 December 2012.
  5. "Ireland's Rich List: 21-30". Irish Independent . 31 March 2010. Retrieved 21 December 2012.
  6. "Smurfit plans merger with Stone Container". The Independent. 12 May 1998. Retrieved 21 December 2012.
  7. "Chicago investment firm to buy Jefferson Smurfit". Chicago Tribune. 18 June 2002. Retrieved 21 December 2012.
  8. "Smurfit and Kappa close to merger says report". Food Production. 26 August 2005. Retrieved 21 December 2012.
  9. "Smurfit Kappa Sells More Shares After IPO". Reuters. 16 March 2007. Retrieved 21 December 2012.
  10. "Smurfit Kappa completes deal to buy Orange County Container". Packaging News. 3 December 2012. Retrieved 21 December 2012.
  11. Gleeson, Colin. "Smurfit Kappa acquires Brazilian companies for €186m". The Irish Times.
  12. "Smurfit Kappa, WestRock to combine to create $20 billion packaging giant". RTÉ News. 12 September 2023.
  13. "About Us". Smurfit Kappa Group. Retrieved 21 December 2012.
  14. Hutton, Clare; Walsh, Patrick (2011). The Oxford History of the Irish Book; Volume5 The Irish Book in English, 1891–2000. OPxford University Press. p. 630. ISBN   978-0199249114.