Acquisition – a platform for growth in the US On 25 August 2017 we completed the acquisition of Interstate Resources and in doing so created our North America Packaging and Paper (NAPP) division. This acquisition followed consistent customer feedback that they also required the quality, service and innovative packaging solutions that we provide in Europe to be provided in the US too. Europe in general, and DS Smith in particular, has been at the forefront of retail ready packaging which has allowed our fast-moving consumer goods customers to both reduce their costs and also to drive sales in an increasingly competitive multi-channel retail environment. The US packaging market is starting to recognise and adopt a similar approach and we believe the leadership and credibility we have with our
customers will provide significant opportunities for profitable growth over the coming years. The acquisition of Interstate Resources in August 2017 and the acquisition of Corrugated Container Corporation in June 2018 provides us with 16 packaging sites across the eastern United States, well located for our global customers. In addition, we have integrated Interstate Resources’ two paper mills into our global supply engine allowing us to optimise our short paper position on a transatlantic basis, which has already contributed significant value to our business. We have been delighted with the contribution of NAPP and in May 2018 upgraded our synergies for a second time to $35 million.
17 of our top 20 European customers have US operations
Every day we deliver – no matter where in the world our customers are
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