Announced
Financials
Sources
Tags
Acquisition
Single Bidder
Majority
Netherlands
Pending
Friendly
Private
pulp and paper
Domestic
Containers and Packaging
Synopsis
De Jong Verpakking, the provider of corrugated trays and boxes, agreed to acquire De Hoop paper mill from DS Smith, an UK-based sustainable packaging company, for £43m. The sale supports our strategy to have a "short paper" position in Northern Europe where there is a greater amount of external paper capacity available to the Group and also further aligns our internal paper production with our priorities in light-weight fibre-based packaging solutions for FMCG and e-commerce customers.
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