The European Commission has approved the acquisition of Duropack of Austria, by DS Smith of United Kingdom.
In February 2015, the British company announced its intention to buy Duropack for approximately €300m.
Duropack produces and distributes paper, corrugated case material, corrugated sheet, corrugated cases and partitions especially in Eastern and South-Eastern Europe, while DS Smith produces and provides corrugated packaging in a number of EU countries. According to the EU Commission the parties' activities overlap in a number of markets along the value chain for the production of corrugated cases and corrugated sheet, giving rise to both horizontally and vertically affected markets in Austria, France, Bulgaria, Croatia, Slovakia, Slovenia, Estonia, Lithuania, Sweden and Hungary.
The Commission concluded that the proposed acquisition would not raise competition concerns because the parties' combined market shares will remain moderate and the merged entity will continue to face competition from a number of significant competitors or because the increment in market share brought about by the transaction is highly limited.