DS Smith proposes to acquire Europac

DS Smith recently announced the proposed acquisition of Papeles y Cartones de Europa, S.A., known as Europac, a leading Western European integrated packaging business.

The offer price of €16.80 per Europac share (the “Offer Price”) values the entire share capital of Europac at €1,667 million (£1,453 million), with an implied enterprise value of €1,904 million (£1,659 million).

Europac is a leading, Spanish listed, approximately 42 per cent. family owned, highly complementary, vertically integrated packaging business. Europac has a diversified customer portfolio with strong customer relationships and FMCG orientation.

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