Mondi considers merger with DS Smith for sustainable packaging growth
Business
Mondi, a leading player in sustainable packaging sectors, has announced its early-stage consideration of a potential all-share combination with DS Smith.
The proposed collaboration aims to create a European industry leader in sustainable packaging solutions. It is envisioned to capitalise on growing trends in sustainable packaging, offering enhanced vertical integration and synergies.
Benefits include improved earnings resilience, enhanced security of paper supply, and significant operational efficiencies across the supply chain.
Mondi's strategy focuses on value accretive growth, guided by a disciplined approach to acquisitions and investments.
While no certainty exists regarding a formal offer, Mondi remains committed to maintaining financial stability and a shareholder-friendly dividend policy.
In accordance with regulatory requirements, Mondi has until March 7, 2024, to announce a firm intention to make an offer for DS Smith or declare otherwise.
Further updates will follow as appropriate.
Related News
-
Sustainability
Tesco repurposes cardboard for toilet rolls and kitchen towels
-
Supplier News
Lyte Packaging: Luxury will always be in the eye of the beholder
-
Sustainability
M&S embraces paper packaging for café sandwiches and toasties
-
Sustainability
Capri-Sun unveils new 'stronger than ever' paper straws
-
Supplier News
Rowlinson's guide to sustainable business practices in 2024
Latest Packaging News
Spectra: For style and versatility, say hello to The Roma Range
With its distinctive angled shoulder profile and strong contemporary lines, the Roma design offers...
Mondi research shows packaging drives customer loyalty in a digital world
Mondi has released its annual eCommerce trend report 2026 (a whitepaper combining findings of an...
Packaging labelling under scrutiny as recycling confusion persists in the UK
Questions are being raised around the effectiveness of recycling labelling in the UK, with industry...
Packaging is entering its most expensive era yet and the North is right at the centre of it
Right now, almost every major conversation in packaging is about pressure. Pressure on materials....