DS Smith’s shareholders approved the acquisition of SCA Packaging
Feb 6 2012 The shareholders of UK-based packaging group DS Smith have approved the company´s proposal to acquire SCA’s packaging operations, excluding two virgin fiber kraftliner mills.
The transaction remains subject, amongst other things, to antitrust clearance from the European Commission. Closing is expected during the second quarter of 2012.The deal does not include SCA's two kraftliner mills in Sweden, Munksund and Obbola mills, which will remain within SCA.Regarding the French part of the packaging operations, DS Smith has made a formal offer to acquire this business. This process is subject to an information and consultation procedure with the relevant works councils and will be treated separately.