date:Sep 26, 2012
Smurfit Kappa has acquired Orange County Container Group (OCCG) for US$340m (240m) and predicted synergy benefits of $14m within two years.
The firm said the deal significantly strengthens their position in Mexico and gives them a small position in an increasingly consolidated US market.
The acquisition will see employees transfer to Smurfit Kappa and the rest of the OCCG business will be progressively integrated with Smurfit Kappas operations in Mexico.
Synergy scope
There is significant sc