Dublin listed Smurfit Kappa has acquired a paper-based packaging company in Peru.
The purchase of Cartones del Pacifico sees the group expanding its footprint in the Americas to 13 countries.
As part of the transaction Emusa Group has acquired Smurfit Kappa’s flexible packaging business in El Salvador.
"The acquisition of Cartones del Pacifico further expands our strategic reach and underscores our growing regional capability in Latin America," said Tony Smurfit, Smurfit Kappa Group CEO.
"With a population of over 30 million, we are delighted to expand our footprint into Peru to help drive future growth," he added.
Smurfit Kappa said the acquisition of Cartones del Pacifico, located in Paramonga, in the vicinity of Lima, will open opportunities for the group to enhance the business.
It also said the group’s enlarged global footprint will improve its packaging offering to multinationals operating throughout the Latin American region.