DS Smith sees Spanish opportunity
DS Smith, a supplier of recycled packaging, has announced the acquisition of Spanish corrugated board producer Andopack.
Headquarted in London, DS Smith has manufacturing sites across Europe and further afield. The company says the acquisition will give it a direct market position in Spain, allowing it to meet demands from pan-European customers.
The total consideration, including assumption of debt, is expected to be around £35m ($55m).
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