The Romanian companies produce paper and packaging and will enhance DS Smith’s capacity to serve customers in this high growth region and support its wider substantial Eastern European presence.
EcoPack and EcoPaper include both high quality packaging assets as well as a new paper machine, built in 2017, that specializes in high quality, light-weight paper, which is particularly well-suited to supporting our performance packaging solutions, the acquiring company said.
The acquisition consideration and repayment of debt, together totaling EUR208 million, will be satisfied from existing cash and debt facilities, and from EUR35 million of DS Smith shares to be issued to the vendor.
Completion is expected within our third fiscal quarter, following Romanian Competition Authority approval and the satisfaction of other customary closing conditions.