DS Smith has strengthened its operations in Spain. The company acquired Grupo Lantero's corrugated business which comprises seven plants in the country.
On 31 July, DS Smith has finalised the takeover of Grupo Lantero's corrugated activities in Spain. The purchase price was put at €190m. The acquired business includes several operations in which DS Smith already had a minority holding.
Grupo Lantero's corrugated business operates seven sites in Spain. According to DS Smith, the takeover takes the company's market share in Spain's corrugated packaging market to approximately 10%.