usbased paper and packaging company international paper is considering to acquire smurfit kappa, in a bid that could value the irish packaging producer at approximately &euro8bn.this is in line of a series of acquisitions of european companies by us rivals as the dollar&39s recent gains make these companies cheaper.international paper is considering an offer at approximately &euro36 a share if it did make a proposal, sky news reported citing a source.smurfit kappa provides paperbased packaging solutions worldwide, which includes containerboards, corrugated containers and other paperbased packaging products, such as solid boards, graphic boards and baginbox.with 42,000 employees, smurfit kappa operates 350 production sites across 32 countries and generated approximately &euro8.1bn in revenues in 2014.international paper has appointed deutsche bank as the adviser on the possible bid for smurfit. australian packaging company amcor has also expressed interest in the acquisition of smurfit kappa. in march, smurfit kappa agreed to acquire a nonintegrated corrugated, folding cartons and flexible packaging manufacturer grupo cybsa for around 100m, which is expected to expand its presence in central america, reports irish times.cybsa currently operates five packaging plants located in el salvador and costa rica, from where it services a growing customer base in its domestic markets, along with guatemala and honduras.smurfit kappa group ceo gary mcgann previously said "the transaction reflects our continued commitment to increase our market presence in the americas and will further enhance skg&39s capacity to provide innovative, insightled, differentiated and value enhancing packaging solutions to both current and prospective customers throughout the americas." 
