De Jong Verpakking to acquire De Hoop paper mill from DS Smith for £43m.

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.