DS Smith to acquire North American Corrugated Packaging Business
DS Smith has announced an agreement to acquire Corrugated Container Corporation (CCC), a high quality corrugated packaging company in North America. The acquisition follows DS Smith's recent purchase of Interstate Resources, building on the company's paper and packaging capacity in the region.
CCC is a family owned business employing approximately 190 people across its four operations in Tennessee, North Carolina and two sites in Virginia. The acquisition of these packaging sites will significantly boost DS Smith's box making capacity, and complements its existing footprint in North America.
Miles Roberts, DS Smith chief executive, said: ‘This is an exciting and fast paced environment where we are experiencing strong momentum, following the successful integration of Interstate. The customer response has been excellent and increased demand from local and global customers for sustainable, innovative packaging gives us the opportunity to keep building capacity.’