Mondi to Buy DS Smith for £5 Billion and Create Packaging Titan
Innovation | Bloomberg | March 25, 2024
Bloomberg (03/07/24) Pfanner, Eric
Mondi PLC has agreed to buy DS Smith PLC for £5.1 billion in a deal that would create one of the world’s largest makers of packaging. The companies said the combination would generate cost savings as well as benefits from greater scale as the packaging industry consolidates. The sector benefited from a surge in demand during the pandemic as consumers under lockdown ordered more goods online. However, demand has since fallen back as shoppers returned to physical stores.
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