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Stock impact report

Smurfit Westrock expands in Ecuador with Cartomanabí purchase [Yahoo! Finance]

Smurfit WestRock plc Ordinary Shares (SW) 
Company Research Source: Yahoo! Finance
Smurfit Westrock has finalised an asset purchase deal for Cartomanabí, a corrugated packaging producer based in Montecristi, Ecuador. Financial terms were not disclosed. The deal enhances Smurfit Westrock's supply chain, tightening the link between North American production and Latin American operations. Established in 2020, Cartomanabí has an output exceeding 50,000tpa. It primarily caters to clients in the agriculture, protein, fast-moving consumer goods, and industrial sectors. Smurfit Westrock said that the acquisition is part of its regional growth strategy and will enhance its ability to support customers in Ecuador and surrounding markets. Smurfit Westrock Latin America president and CEO Alvaro Henao said: “The transaction in Ecuador is our first as Smurfit Westrock. It is an important milestone for us in Latin America, where we are the only pan-regional supplier with a fully integrated supply chain and the broadest range of sustainable and innovative paper-based s Show less Read more
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