British group DS Smith Acquires Romanian Paper and Cardboard Factories - Papermart
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British group DS Smith Acquires Romanian Paper and Cardboard Factories

The company bought two factories named as EcoPack and EcoPaper from Romanian investor Vladimir Cohn. The deal is worth EUR 208 million.

March 12, 2018

British group DS Smith Acquires Romanian Paper PM Vol18 No6 Feb Mar 2018
The Romanian business has seen strong growth over many years and is well positioned in the local FMCG market.

British group DS Smith has completed the acquisition of Romanian paper and cardboard factories EcoPack and EcoPaper, a deal worth EUR 208 million. “We are looking forward to working with our new colleagues in the Paper mill and Packaging site based in central Romania as we continue to strengthen our operations in this important growth market. We continue to grow strongly throughout Eastern Europe and this acquisition will help us meet the increasing demand in the region,” said Miles Roberts, Group Chief Executive DS Smith.

The group will retain the existing 400 employees at the two factories and could increase the workforce as demand grows. The Romanian business has seen strong growth over many years and is well positioned in the local FMCG market.