The Ecopaper-Ecopack-group is considered a leading integrated packaging and paper group in Romania.
DS Smith has completed the acquisition of Ecopaper and Ecopack in Romania. DS Smith expects the €208m deal to increase the group's paper and packaging capacities and support its growth in Eeastern Europe.
"The Romanian business has seen strong growth over many years and is well positioned in the local FMCG market. Ecopack and Ecopaper's customer base and product offer align well with DS Smith, providing strong potential for further growth and significant cost synergies," said DS Smith
DS Smith also said it would retain the existing 400 employees and could increase the workforce as demand grows.