Smurfit Kappa to Acquire Texas-based Bates Container

摘要

Dublin, Ireland-based Smurfit Kappa announced that it has agreed to acquire Bates Container LLC, a non-integrated corrugated packaging manufacturer based in Texas. The deal involves an initial consideration of $150 million with a further estimated deferred payment of $7.5 million. Bates, a long-established private corrugated manufacturer, employs 320 people. A substantial amount of the containerboard Bates uses annually (about 135,000 tonnes) will be supplied by Smurfit Kappa Orange County's (SKOC) containerboard mill in Dallas.