DS Smith To Acquire Bosis Doo Packaging Company In Serbia
Board Converting NEWS INTERNET DIRECTORY
Atlanta, Georgia based DS Smith announced it has en- tered into an agreement to acquire Bosis Doo, a high-qual- ity packaging company in Serbia. The acquisition is complementary to the business’ ex- isting regional packaging activity in Eastern Europe, and will support its growth drive in the region. With a focus on FMCG customers, Bosis doo is particu- larly well suited to complement DS Smith’s strategy in the region, which targets higher growth and margin opportu- nities through its sustainable performance packaging cus- tomer proposition.
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The acquisition will be structured as a share transac- tion and is expected to complete within the second half of DS Smith’s financial year , subject to customary closing conditions. Miles Roberts, Group Chief Executive, DS Smith, said, “We are seeing significant growth in demand for sustain- able packaging and for plastic replacement in East Eu- rope, especially in Serbia, and are delighted to announce our agreement to acquire Bosis doo. "We look forward to warmly welcoming our new col- leagues. This acquisition will develop our ability to support customers, enhancing our capabilities in the region and accelerating growth by offering world-class, sustainable and innovative products to many more customers.” Reinier Schlatmann, Regional Managing Director, East Europe, DS Smith, added: “This new investment will support our medium and long-term strategy and growth ambitions across the DS Smith East Region. “It will expand our footprint and portfolio with advanced technology and capabilities that allow us to support our CONTINUED ON PAGE 30
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28 August 7, 2023
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