Smurfit Kappa, WestRock agree deal to create $20 billion packaging giant

DUBLIN (Reuters) — Europe’s largest paper and packaging producer Smurfit Kappa (SKG.L) (SK3.IR) (SMFKY) and U.S. rival WestRock (WRK) agreed to merge on Tuesday to create the world’s largest listed paper and packaging company worth nearly $20 billion

Packaging firms benefited from a boom in demand for goods and e-commerce during COVID-19 lockdowns, but have struggled to match those volumes since consumers resumed spending on services and producers started cutting back packaged…