DS Smith To Sell De Hoop Paper Mill In Netherlands To De Jong Packaging In €50 Mln Deal

DS Smith Plc. (SMDS.L), a packaging company, announced Friday the proposed sale of its De Hoop paper mill in the Netherlands to De Jong Packaging for 50 million euros or about 43 million pounds in cash.

Completion of the sale is subject to customary closing conditions including works council consultation. The deal is expected to take place in the second quarter of fiscal 2022.

Full Story