The combination will bring together complementary businesses to create a truly global sustainable packaging solutions leader, with industry leading positions in two of the most attractive geographies of Europe and North America.
DS Smith Plc
The partnership will see the two companies collaborate to accelerate the transition from plastic to paper bags within the e-commerce marketplace in Europe at scale.
The new state-of-the-art 4-colour converting machine is currently in start-up phase and equipped with an advanced automatic inline error detection system.
With the acquisition of Bosis doo, DS Smith's total packaging operations in Eastern Europe will comprise 30 box plants and additional facilities, employing more than 7,000 people in the region.
Mondi shareholders would own 54% and DS Smith shareholders would own 46% of the issued and to be issued share capital of Mondi.
Commissioning of the new stock preparation plant is due early in 2026.
The investment will increase DS Smith's production in Austria by 20%.
The measurements will be delivered during the Q4 2024. The value of the order will not be disclosed.