The European Commission has given the go-ahead to DS Smith’s takeover of SCA Packaging.
Both DS Smith and SCA Packaging are active in the corrugated packaging industry. DS Smith employs over 10,000 people at 94 manufacturing locations.
SCA Packaging, which is currently a wholly-owned subsidiary of Swedish group Svenska Cellulosa Aktiebolaget SCA AB Swedish group Svenska Cellulosa Aktiebolaget SCA AB, employs 12,600 people at 110 corrugated manufacturing locations in 21 countries.
Approval is conditional upon the divestment of a number of production plants in the UK and France.
To address the concerns identified in the UK, the merging parties offered to divest one of their two UK plants producing heavy duty corrugated packaging and one plant producing litho-laminated corrugated packaging.