DS Smith completes Iberian purchase
Packaging producer DS Smith said it completed the €190m purchase of Iberian corrugated producer Grupo Lantero.
FTSE 250
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17:14 18/04/24
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FTSE 350
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Smith (DS)
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17:15 18/04/24
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Shares in the FTSE 250 stock were up 0.2% to 400.6p at 0801 BST.
DS Smith, which operates across 34 countries, said the purchase takes its market share in corrugated packaging in Spain to 10%.
The company said in a statement the acquisition was an important step in its strategy to leverage scale and strengthen geographic footprint.