Smurfit Kappa divests German board mill to private equity firm Livia

摘要

Smurfit Kappa Group (SKG) will sell one production facility in southern Germany to Livia Corporate Development SE. The companies have agreed to maintain confidentiality on the purchase price. The sites located in Gemsbach and Weisen-bach include a board mill and a converting facility. According to SKG, the site produces a standard grade of GD II, which no longer fits SKG's core business. For the Irish group, the divestment is a step towards increasing focus on specialised products which the group produces at other sites. This is the principal reason for selling the plants, the group explained.