Europac

UK packaging group DS Smith acquired Europac, a Spanish corrugated cardboard packaging company headquartered in Alcobendas, Madrid, on January 22, 2019.

The European Commission conditionally approved DS Smith's acquisition of Spanish packaging maker Europac on 14 November 2018, after DS Smith agreed to sell Europac's Ovar plant in Portugal and two Normandy plants.

DS Smith has notified the European Commission of its planned purchase of Spanish corrugated packaging provider Europac. The deal is under EU merger review with a deadline of October 29, 2018.

DS Smith has announced its acquisition of Spanish-listed integrated packaging company Europac in a £1.45 billion deal, which it plans to finance by raising £1 billion in new shares plus a new debt facility. The deal is friendly but subject to CNMV approval.

DS Smith Plc agreed to acquire Corrugated Container Corporation, a family-owned corrugated packaging company with about 190 employees at four operations in Tennessee, North Carolina and Virginia. The deal follows DS Smith's purchase of Interstate Resources.

Europac announced a €10m investment plan at its Lucena packaging plant to increase production, buy new assets and expand installations, expected to create 25 direct jobs.

Europac Group bought two companies holding an integrated corrugated packaging plant in Lucena, Córdoba, Spain, at an enterprise value of €9.8 million. The plant had 2016 sales of €7.6 million and will operate as Europac Packaging Lucena, with a planned €10 million investment and 25 direct jobs.