Smurfit, Kappa close to merger.The merger of Ireland-based Jefferson Smurfit and Dutch firm Kappa Packaging is nearing conclusion, the Irish Times reports. Kappa Packaging, with annual sales of about 3 billion euros, produces containerboard con·tain·er·board n. A corrugated or solid cardboard used to make containers. , solid board, corrugated cor·ru·gate v. cor·ru·gat·ed, cor·ru·gat·ing, cor·ru·gates v.tr. To shape into folds or parallel and alternating ridges and grooves. v.intr. and solid board packaging, graphic and specialty board specialty board Graduate education An organization that certifies, through standardized examinations, that a person has the knowledge to practice a chosen specialty. See Board certification, Peer review, Residency. Cf State board. . Jefferson Smurfit, a private company, has sales of almost 5 billion euros and produces paper and packaging materials. "Europe is a market characterized char·ac·ter·ize tr.v. character·ized, character·iz·ing, character·iz·es 1. To describe the qualities or peculiarities of: characterized the warden as ruthless. 2. by capacity growth which significantly exceeds demand growth," Smurfit's Gary McGann, says. "We expect that these conditions will prevail unless there is a significant and sustained increase in demand for corrugated or structural change in the European containerboard industry." |
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