DS Smith has completed the acquisition of North American packaging company Corrugated Container Corporation (CCC) for an undisclosed amount.
The CCC, which is a family-owned business, has around 190 employees across its four operations in Tennessee, North Carolina and Virginia.
The acquired facilities of CCC will help DS Smith to expand its box-making capacity, enabling to serve more customers in North America.
CCC is said to have a strong focus on high-quality and sustainable retail ready and display packaging.
DS Smith is expecting the deal to be earnings enhancing immediately and is consistent with the firm’s medium term financial targets.
DS Smith chief executive Miles Roberts said: “We are excited to complete and delighted to welcome CCC to DS Smith. I look forward to working with all our new colleagues.
“CCC’s strong reputation for quality and customer service will help us to accelerate growth in the region, offering world class products to many more customers.”
In March this year, DS Smith acquired EcoPack and EcoPaper, an integrated packaging and paper group in Romania, for €208m.
EcoPack and EcoPaper is engaged in providing industrial packaging and paper solutions for its customers in Romania.
Ecopack produces a range of ready-made boxes, trays and corrugated sheets as per the customers’ requirements.
It offers the paper solutions to firms such as Mondi, International Paper, Duropack, Rondo carton, Dunapack and VPK.
Ecopaper, along with its recycling subsidiary Repap, is engaged in the recycling of waste paper in the country.
With operations in around 37 different countries, DS Smith offers corrugated packaging and plastic packaging solutions to its customers.
The firm’s packaging solutions include retail and shelf ready packaging, consumer packaging, transit and transport packaging, online and e-retail packaging, industrial packaging and bag-in-box packaging solutions.
In addition, the firm provides packaging for hazardous goods, multi-material packaging and electronic discharge packaging products.
