The business is a well-invested Iberian corrugated producer with a strong focus in the FMCG sector, operating seven sites across Spain.
This acquisition significantly strengthens DS Smith's operations in Spain, an important and growing market for corrugated packaging, taking its market share to approximately 10%.
Miles Roberts, Chief Executive of DS Smith said: “We are delighted to announce the completion of the acquisition of the corrugated activities of Grupo Lantero. It is a high quality business that we have known and partnered with for a number of years and significantly increases our offering to Pan-European customers in this large and growing market. It is a further important step in our strategy to leverage our scale and strengthen our geographic footprint and we look forward to working with Grupo Lantero stakeholders and contributing to the overall growth of DS Smith.”
DS Smith Plc is the leading provider of recycled corrugated packaging in Europe.
