DS Smith Plc (“DS Smith”), the leading provider of recycled corrugated packaging in Europe, is pleased to announce the proposed acquisition of the Duropack business (“the acquisition”) for approximately €300m (c.£220m). Duropack, a recycled corrugated board packaging business with market-leading positions across South Eastern Europe, is being acquired from CP Group 2 BV, a One Equity Partners subsidiary.
The acquisition is highly complementary to DS Smith’s geographic footprint and transforms our position in higher-growth South Eastern European geographies, further strengthening our pan-European capabilities to our existing customer base in addition to providing access to new customers.
Duropack has number one or two market positions in many of the geographies in which it operates and, combined with DS Smith’s existing operations in Hungary, Slovakia and Austria, will have a leading position across South Eastern Europe.
The business is well invested with high quality assets and operates a “short paper, long fibre” model similar to that of DS Smith. Source : DS Smith.
