DS Smith, a UK based packaging firm, is planning to acquire Duropack from CP Group 2 BV, a One Equity Partners subsidiary.
Duropack is a recycled corrugated board packaging supplier and has a strong presence in South Eastern Europe, according to the company statement.
“The acquisition is highly complementary to DS Smith’s geographic footprint and transforms our position in higher-growth South Eastern European geographies, further strengthening our pan-European capabilities to our existing customer base in addition to providing access to new customers,” the statement added.
The acquisition worth approximately EUR 300 million is subject to competition clearance.
