Market: Packaging Paper & Board
Posted March 8, 2018
DS Smith plc announced the completion of its Euro 208 million acquisition of EcoPack and EcoPaper, Romania. The combined business is a leading integrated packaging and paper group in Romania.
The acquisition significantly increases DS Smith’s capacity to serve customers in a high-growth region as well as supporting the company’s existing operations in Eastern Europe.
DS Smith plc will retain the existing 400 employees and could increase the workforce as demand grows. EcoPack and EcoPaper bring both high-quality packaging assets and light-weight papermaking capability, which strongly support DS Smith’s product offering.
The Romanian business has seen strong growth over many years and is well positioned in the local FMCG market.