European commission gives Unipapel green light to buy Spicers

The European Commission has given green light to the Spanish group Unipapel to purchase the business of the Spicers group in Continental Europe for €192 million, without imposing any type of condition or restriction.

With this acquisition from DS Smith, Unipapel plans to increase the value of its sales to €1.3 billion. The group has emphasized that this incorporation will have a very favorable effect on profitability and cash flow, as it will generate an EBITDA margin of over 7%.

Unipapel will also add 25,000 new items to its product portfolio and increase the number of clients served by 15,000.