DS Smith plc, a leading international packaging business, announces the proposed acquisition of Papeles y Cartones de Europa, S.A., known as Europac.
Commenting on the Acquisition, Miles Roberts, Group Chief Executive of DS Smith, said: “The acquisition of Europac is a very exciting development for DS Smith, strengthening our position as a leading global supplier of sustainable packaging solutions. We have a long-standing relationship with Europac, which is a company we have long admired, given the quality of their assets, employees and customers. This acquisition will enhance our customer offer in Western Europe, a key packaging growth region, and help us meet the rising demand for our high-quality packaging and sustainable products. It will also strengthen our global supply chain and means we can serve our, and Europac’s, customers better.”
Europac is a leading, Spanish listed, approximately 42% family owned, highly complementary, vertically integrated packaging business.
