DS Smith’s shareholders approved the acquisition of SCA´s packaging operations
Feb 03, 2012. The shareholders of UK-based packaging group DS Smith Plc approved the company's proposal to acquire SCA’s packaging operations, excluding the two kraftliner mills in Sweden.
Feb 03, 2012. /Lesprom Network/. The shareholders of UK-based packaging group DS Smith Plc approved the company's proposal to acquire SCA’s packaging operations, excluding the two kraftliner mills in Sweden, as the company said in a press release received by Lesprom Network.
The transaction remains subject, amongst other things, to antitrust clearance from the European Commission. Closing is expected during the 2Q 2012.
Regarding the French part of the packaging operations, DS Smith has made a formal offer to acquire this business. This process is subject to an information and consultation procedure with the relevant works councils and will be treated separately.
SCA is a global hygiene and paper company that develops and produces personal care products, tissue, packaging solutions, publication papers and solid-wood products.