Completion of the acquisition of Corrugated Container Corporation (CCC), USA
We are pleased to announce that DS Smith Plc has completed the acquisition of Corrugated Container Corporation (CCC) in the US.
CCC is a family owned business employing approximately 190 people across its four operations in Tennessee, North Carolina and Virginia. The acquisition of its packaging sites significantly boosts DS Smith’s box-making capacity and complements its existing footprint in North America.
CCC’s capabilities include a strong focus on high-quality, sustainable retail ready and display packaging.
The acquisition is expected to be earnings enhancing immediately and is consistent with the Group’s medium term financial targets.
We are excited to complete and delighted to welcome CCC to DS Smith. I look forward to working with all our new colleagues. CCC’s strong reputation for quality and customer service will help us to accelerate growth in the region, offering world class products to many more customers.— Miles Roberts, DS Smith Chief Executive