DS Smith acquiring Ecopack and Ecopaper in Romania

19 Oct 2017 − 

DS Smith has announced the acquisition of integrated containerboard and corrugated packaging manufacturers Ecopack and Ecopaper for €208m.

DS Smith is expanding its presence in Southeastern Europe. The company officially announced the signing of an agreement to acquire Romanian company Ecopack and its subsidiary Ecopaper for an enterprise value of around €208m. The transaction, which is still subject to regulatory approvals, is scheduled to be completed within DS Smith's third quarter which ends on 31 January 2018.

Ecopack makes packaging products for the local fast-moving consumer goods (FMCG) market and has an annual production capacity of 120,000 m². Ecopaper produces containerboard at its paper mill in Zarnesti near Brasov. The mill's capacity amounts to 350,000 tpy.

Find the entire article and any associated background information in EUWID Pulp and Paper no. 43.

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