ROMANIA: DS Smith plc acquired EcoPack and EcoPaper for 208 million euros | Progresiv

DS Smith plc, one of the world's leading suppliers of corrugated cardboard and plastic, announced the completion of the EcoPack and EcoPaper acquisition process in Romania. The transaction value amounted to 208 million euros. Together, the two companies are one of the largest packaging and paper producing groups in Romania.

The acquisition significantly increases DS Smith's ability to serve its customers in a growing region as well as to support its existing operations in Eastern Europe.

"We look forward to working with our new colleagues in the paper mill and packaging unit in the center of Romania and to continue to strengthen our operations in this market with major growths. We continue to grow strong across Eastern Europe and this acquisition will help us meet the growing demand in the region", said Miles Roberts, Group Chief Executive of DS Smith plc.

DS Smith plc will keep the current 400 employees and may increase the workforce as demand increases. EcoPack and EcoPaper bring both high quality packaging products and the ability to produce lightweight paper, both strongly supporting the offer of DS Smith products.

DS Smith is one of the leading suppliers of corrugated cardboard packaging and plastics, operating in 37 countries and employing approximately 27,000 employees.