Packaging manufacturer DS Smith has agreed a deal to acquire US-based corrugated packaging company Corrugated Container Corporation (CCC) for an undisclosed sum.
DS Smith will acquire CCC’s four manufacturing facilities located in Tennessee, North Carolina and Virginia as part of the agreement.
This acquisition further strengthens DS Smith’s position in the corrugated packaging sector, following the acquisition of UK-based manufacturer TRM in April 2018.
The deal will also expand DS Smith’s presence in the US to 23 manufacturing sites, and the company says the deal will significantly enhance its display packaging and box-making capabilities in the region.
DS Smith chief executive Miles Roberts said: “This is an exciting and fast-paced environment where we are experiencing strong momentum, following the successful integration of Interstate.
“The customer response has been excellent and increased demand from local and global customers for sustainable, innovative packaging gives us the opportunity to keep building capacity.
“CCC’s strong reputation and quality machinery assets will help us to accelerate growth in the region, offering world-class products to many more customers.”
© FoodBev Media Ltd 2019
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