The boards of both companies said the merger would be the "global 'go-to' packaging partner of choice" and offer value creation for both sets of shareholders. The deal is subject to shareholder approval and regulatory clearance, and the parties are engaged in mutual due diligence. Smurfit Kappa acquires Saquarema, packaging plant in Rio de Janeiro Smurfit Kappa agrees to acquire Verzuolo for €360 million