Company pursues strategy to reduce the proportion of its net integration of paper manufacture versus the requirements of its corrugated business.
On 20 November DS Smith received a binding offer for the purchase of its paper mill in Nantes, France. The plant is producing white testliner an has an annual capacity of about 60,000 t.
The company did not comment on the prospective buyer. DS Smith is still engaged in works council consultation, explaining that there is no certainty of any transaction proceeding.