Type Public Industry Packaging Net income € 413 million (2015) Founded December 2005 | Traded as ISEQ: SKG, LSE: SKG Operating income Revenue 8.109 billion EUR (2015) | |
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Key people Liam O'Mahony, Chairman
Tony Smurfit, CEO Stock price SMFTF (OTCMKTS) US$ 26.43 -0.43 (-1.60%)24 Mar, 2:30 PM GMT-4 - Disclaimer Headquarters Dublin, Republic of Ireland CEO Anthony P. J. Smurfit (1 Sep 2015–) Profiles | ||
The Smurfit Kappa Group 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 and is a constituent of the FTSE 100 Index.
Contents
Gary mcgann smurfit kappa group
History
The company was established as a box-maker in Rathmines, Dublin in 1934 and was acquired by Mr Jefferson Smurfit in 1938, trading afterwards as Jefferson Smurfit. 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. Jefferson Smurfit grew under the leadership of the founder's son, Sir Michael Smurfit, who became Chief Executive in 1977.
It merged its 46%-owned US business with Chicago-based Stone Container Corporation to form Smurfit-Stone Container Corporation in 1998.
Jefferson Smurfit was the subject of a management buyout financed by Madison Dearborn Partners, Cinven Limited and CVC Capital Partners in 2002. It merged with Kappa Packaging in 2005, changing its name to Smurfit Kappa, and was the subject of an Initial Public Offering in 2007.
In 2012 it bought Orange County Container, a US-based packaging company, for $340 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 has around 43,000 employees across 33 countries - 21 in Europe, 12 in the Americas. Its global headquarters are in Dublin, with regional headquarters in Paris and Miami.