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Proposed acquisition of Milas Packaging in Turkey

  • DS Smith
Europe, Turkey, Eating, Drinking, Food, Meats, Tree Derivatives, Board, Board - Corrugated

Milas is a leading producer of specialist corrugated packaging and displays in Turkey. The business is focused on international FMCG customers, and is well positioned for the large Istanbul market as well as European export. The business generates approximately $25m of sales and has c.240 employees at its production facility located near Istanbul.

Completion, which is subject to customary conditions including competition clearance, is expected by the end of our financial year 2015/16.

Miles Roberts, Chief Executive of DS Smith said:
“We are pleased to welcome the Milas business into the DS Smith Group and look forward to working with its stakeholders. This acquisition gives DS Smith direct exposure to the attractive Turkish market through a well-invested business focused on FMCG customers and is a further step in complementing our South Eastern European footprint and capabilities for pan-European customers.”

See also

DS Smith Plastics launches a new product line of extruded Polypropylene packaging dedicated to pharmaceutical applications

DS Smith Plastics, Extruded Products France announced the launch of AkyPure − a new line of extruded polypropylene packaging for the pharmaceutical industry. AkyPure has been developed in collaboration with key players in the industry. The new product line consists of hygienic, fiber-free and moist-resistant packaging solutions manufactured in compliance with International Good Manufacturing Practices (GMP) that ensures products are consistently produced and controlled according to established quality standards.

  • Company News
  • English
  • Modified 25 Jan 2016
  • Hits 785