DS Smith, the recycled corrugated packaging specialist, has announced that it is to acquire a UK-based producer of corrugated packaging products.
Based in Lancashire, TRM Packaging manufactures specialist corrugated packaging and retail-ready packaging with a workforce of around 270 people.
The business is complementary to DS Smith both geographically and in its FMCG customer focus, DS Smith said in a statement announcing news of the acquisition, which follows little more than a year after its €300m acquisition of Austrian packaging manufacturer Duropack.
Its latest deal will bolster DS Smith’s position as a supplier of packaging materials in Europe, though financial terms have not been publicly disclosed.
DS Smith CEO Miles Roberts said: “We are delighted to welcome TRM into the DS Smith Group and look forward to working with our new colleagues as we continue to enhance our geographic footprint and customer offering.”
© FoodBev Media Ltd 2018
World Food Innovation Awards open for early bird entries!
Have a Food product worthy of an innovation award? Then you’re invited to enter the World Food Innovation Awards. Early bird entries submitted before 21 December receive a £55 discount.
Don’t delay – enter here today!