Smurfit Kappa currently has three plants in Saint Petersburg, Russia producing paper-based and Bag-in-Box products for customers across Europe.
With this acquisition the company plans to further strengthen its position in Russia and broaden its offering to multinational and local customers.
“Russia is an attractive growth market for us with exciting potential,” said Pim Wareman CEO, Smurfit Kappa North East Europe.
“We are pleased to expand our footprint in this market and in particular within the growing Moscow region.”
Soyuz produces corrugated packaging for a range of sectors and has approximately 300 employees.
“Our range of corrugated products, along with our innovative and rapidly growing Bag-in-Box business, opens up many opportunities for both Smurfit Kappa and our customers in Russia,” added Saverio Mayer, CEO, Smurfit Kappa Europe.