Smurfit Kappa Forney Converting (2024)

FAQs

Who is the owner of Smurfit Kappa? ›

Smurfit Kappa has closed its transaction to acquire WestRock. Smurfit WestRock now becomes one of the world's largest packaging companies. Smurfit WestRock is headquartered in Dublin, where Smurfit Kappa was based, and the North and South American headquarters is in Atlanta, where WestRock was based.

Smurfit Kappa annual revenue for 2023 was $12.2B, a 9.64% decline from 2022. Smurfit Kappa annual revenue for 2022 was $13.502B, a 12.91% increase from 2021. Smurfit Kappa annual revenue for 2021 was $11.958B, a 22.72% increase from 2020.

One of Europe's biggest packaging companies is slowly killing rainforests in Colombia -- to make paper and cardboard. For decades, Smurfit Kappa has bulldozed forests to plant its own non-native trees -- drying up the land and choking out ecosystems.

Smurfit Kappa Group PLC has a Debt to Total Capital ratio of 40.19%, a lower figure than the previous year's 71.64%.

The companies officially struck a deal Sept. 12 in which Smurfit Kappa is to purchase WestRock for $11.2 billion to create what is expected to be the largest paper company in the world—Smurfit WestRock—with a combined adjusted annual revenue of approximately $34 billion.

Samuel Norris and Michael Kazakevich of Ropes & Gray acted as legal advisors to Smurfit Kappa. David Fitzgibbon, David Jones, Susanne McMenamin, John Ryan, Philip Tully, Tomas Bailey, Matthew Broadstock, Kate McKenna, Christian Donagh and Maireadh Dale of Matheson LLP acted as legal advisor to Smurfit Kappa.

WestRock announced a string of closures in 2023 as part of what it called “restructuring” due to low demand, with closures occurring in Anne Arundel County, Maryland; Columbus, Indiana; Hazleton, Pennsylvania; North Charleston, South Carolina; and St. Louis, among others.

Smurfit Kappa Group PLC has 16.83% upside potential, based on the analysts' average price target. Is Smurfit Kappa Group PLC a Buy, Sell or Hold? Smurfit Kappa Group PLC has a consensus rating of Strong Buy, which is based on 5 buy ratings, 0 hold ratings and 0 sell ratings.

What is the operating profit of Smurfit Kappa? ›

During the year ending 31 December 2023, the company's operating profit before exceptional items reached €1.40bn, marking a 16% decrease from €1.66bn in 2022.

Smurfit Kappa Group, a provider of paper-based packaging solutions, has reported a revenue of €2.7bn ($2.8bn) for the first quarter (Q1) of financial year 2024 (FY24).