International Paper to acquire two plants in North Western France and Portugal


DS Smith has announced the sale of two packaging businesses in North Western France and Portugal to International Paper for €63m (£54m).

The sales would fulfil the commitment made to the European Commission in relation to the clearance of DS Smith’sa acquisition of Europac.

Miles Roberts, group chief executive, said “I am delighted that we are on track to meet our commitment to the European Commission with both an attractive price and a good home for the businesses in International Paper.”



Leave A Reply