Corrugated Materials News

DS Smith Completes Sale Of Packaging Business

DS Smith Has Announced That, Following The Fulfillment Of All Closing Conditions, It Has Completed The Sale Of Two Packaging Businesses In North Western France And Portugal To International Paper.

Further to the announcement in Apr, the sale of the companies, for €63m (£56m), fulfills the commitment created to the ECU Commission in respect to the clearance of DS Smith acquisition of Europac, that completed on twenty-two Gregorian Calendar month 2019.

Miles Roberts, cluster chief government, same “We are delighted to possess completed this dealing, that ensures that the business and colleagues have found a Decent Home at a pretty value for the business. the combination of Europe is progressing well and that we are more than happy with the standard of our client providing within the region.”

Leave a Reply

Your email address will not be published. Required fields are marked *