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East Midlands Chamber News

Inspirepac acquired by Smurfitt Kappa - report

Inspirepac, a Chesterfield-based corrugated, print and display business has been acquired by global giant Smurfit Kappa Group.

The £43m-turnover packaging company with significant operations in the North of England was bought from Dublin-based Logson Group.

Inspirepac, a former East Midlands Chamber Best Business Award winner, is a private company with 279 employees, and operates two packaging plants and a further two erecting plants in the north.

The transaction will be completed for a consideration of £43.5m and is expected to close in the second quarter of 2015 subject to customary closing conditions, Insider Media reported.