Smurfit Kappa Group plc agrees to acquire Verzuolo, a containerboard business in Northern Italy, for a cash consideration of €360 million. The Verzuolo mill owned by the Burgo Group, is situated close to the port of Savona in the northwest of Italy. The PM9 machine was newly constructed in 2002 and converted into a 600,000 tonne capacity recycled containerboard machine in 2019. Verzuolo is highly complementary to SKG’s existing business and is strategically positioned to serve both the Southern European region and other markets ensuring we continue to provide the best service to our corrugated customers. The acquisition will deliver significant synergistic benefits including technical and production optimisation, and increased containerboard integration within the Group. The cash consideration will be funded from the Group’s existing resources. It is expected that the acquisition will complete during the fourth quarter, subject to customary closing conditions including regulatory approval.
WS Packaging Group, Inc. announced today it has named Mark Roy as its new chief commercial officer. Roy is one of the world’s top leaders in the paper and packaging industry, bringing expertise across value-based selling, marketing, financial management and analysis, and operations.
A packaging innovation specialist, Roy’s 25-year career has spanned private equity owned, publicly traded, and privately held companies, where he has increased sales, streamlined commercial development, and implemented CRM technologies to benefit the bottom line.
“Mark not only is a builder of companies but also a builder of people. With his commitment to providing a superior customer experience along with his deep industry and technical knowledge, Mark is a tremendous addition to WS Packaging and our leadership team,” said Dean Wimer, CEO, WS Packaging Group.
In the newly created role of chief commercial officer, Roy will focus on driving company growth, including oversight of sales, marketing, account management, customer services, strategy, and business development.
Roy most recently served as vice president of sales, marketing and supply chain for Elopak Americas, an international supplier of paper-based packaging solutions. Prior to that he was senior vice president of sales and business development at PaperWorks Industries Inc., a leading integrated packaging provider.
The addition of the chief commercial officer role reinforces WS Packaging’s commitment to maximize the company’s potential and maintain its position as one of North America’s leading label converters, providing innovative packaging, shopper promotion, and branding solutions that help its customers increase shelf impact, brand consistency, and shopper engagement.