The two companies form one of Romania’s biggest groups manufacturing paper and packaging. The acquisition significantly enhances DS Smith’s capacity to serve customers in a high growth region and support its wider substantial Eastern European presence.
Before the transaction, EcoPack Ghimbav and Ecopaper Zarnesti had been controlled by businessman Vladimir Cohn.
Ecopaper reported a turnover of RON151 million and a net profit of RON2.2 million in 2016. Ecopack Ghimbav reported a total turnover of RON117.6 million and a net profit of RON8.9 million in 2016, according to Finance Ministry data.
DS Smith supplies packaging to giants like Mondelez and Nestlé.