Neenah Packaging Box Wrap Premium Packaging Solutions - An already expansive portfolio, Neenah Packaging has added 26 new items including offset printable, uncoated and lightweight C1S premium box wrap papers with a wide variety of whites, colors, and environmental offerings. Neenah Packaging Box Wrap Luxury Packaging Solutions - This collection of one-of-a-kind papers exudes luxury with every look and touch. From realistic metal-like finishes, to plush textures, to authentic-looking fine leathers and high-end exotic skins, this portfolio offers endless combinations. This portfolio is about building a unique design. Start with color, select an embossed texture, and further enhance the visual with a print pattern and/or specialty finish. Or, go beyond the offerings presented in the book, and work with Neenah to create a custom color or design solution. “As our Box Wrap portfolio continues to evolve, we remain committed to providing superior service, with low minimums, fast turnarounds, color and texture consistency, durability, and unrivaled on-press, converting and finishing performance for all of our Neenah Packaging papers," said Sng.
Smurfit Kappa Group is pleased to announce that it has agreed to acquire Grupo CYBSA, a non-integrated corrugated, folding cartons and flexible packaging manufacturer with operations in El Salvador and Costa Rica.
CYBSA is a private company with approximately 1,000 employees and net assets at 31 December 2014 of approximately US$40 million. It operates five packaging plants located in the higher growth markets of El Salvador and Costa Rica, from which it services a growing customer base in its domestic markets, along with Guatemala and Honduras.
Following the completion of over €160 million of acquisitions in the Americas in 2014, the acquisition of CYBSA will further enhance SKG’s presence in the region, providing us with an unrivalled packaging footprint across 12 countries from the southern United States to Argentina. Within these markets, the Group is uniquely placed as the largest pan-regional supplier to apply its increasingly global perspective and differentiated offering to create and drive value for our customers.
The transaction, which will be immediately earnings accretive, is expected to close in the second quarter of 2015 subject to customary closing conditions and regulatory approval. Based on 2014 EBITDA of almost US$13 million and expected synergies of approximately US$6 million, of which over US$4 million will be delivered in year one, the Group will complete the acquisition at a post synergies multiple of 5.5 times EBITDA.
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