DS Smith has entered into a deal worth more than EUR 40 million to acquire Andopack, a corrugated board producer in Spain.
“The acquisition of Andopack in Spain is an exciting development for DS Smith as we continue to strengthen our pan-European customer offering. Andopack has high quality assets and we look forward to growing it further as we expand in this attractive market,” said Miles Roberts, CEO, DS Smith.
Andopack is a growing company with good access to Barcelona and Madrid. The acquisition will enable DS Smith to meet the demands of their customers across Europe. In addition, Andopack will provide cost and cash saving opportunities and an excellent platform for growth to DS Smith.
