Pulp & Paper News

DS Smith divests two UK corrugated businesses to Cepac and Tri-wall

BRUSSELS , Dec. 13, 2012 (RISI) - 

The UK's DS Smith has signed an agreement to sell its corrugated packaging businesses in Darlington and Monmouth to the Rotherham-based Cepac and the Hong-Kong-based Tri-wall, respectively. The companies declined to disclose the amount of the transactions.

Both sales are still subject to the European Commission (EC)'s clearance, which is expected by early 2013.

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