The move comes 18 months after the UK-based manufacturer acquired Swedish rival SCA Packaging, which secured a 14% share of the European corrugated packaging market for DS Smith.
Group chief executive Miles Roberts said: “DS Smith has gone through a major transformation in the last few years. We are now able to offer a much wider product and service portfolio and operate on a much larger scale as a strategic partner with cross-industry expertise, while at the same time continuing to offer our customers a local, personal service.
“Our recent acquisitions have enabled us to make significant progress in the highly competitive European packaging market, and have helped with the integration of our European and UK businesses.”
Source: DS Smith
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