Acquisition of Fabrika Hartije d.o.o. Beograd and Avala Ada d.o.o. Beograd by Smurfit Kappa

Acquisition of Fabrika Hartije d.o.o. Beograd and Avala Ada d.o.o. Beograd, a paper mill and a corrugated plant, by Smurfit Kappa, one of the world's largest manufacturers of paper-based packaging products, for €133m. The seller is Kappa Star Group. The acquisition will expand SKG’s geographic footprint and provide for full containerboard integration in the Group's packaging operations in Southeast Europe. FHB and Avala Ada are well invested businesses, with a leading market position in Serbia and solid positions in adjacent countries.