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DS Smith

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DS Smith

DS Smith plc
Type Public (LSE: SMDS)
Industry Packaging
Founded 1940
Headquarters Euston Road, London, UK
Key people Gareth Davis, Chairman
Miles Roberts, CEO
Revenue £3,669.3 million (2013)[1]
Operating income £206.0 million (2013)[1]
Net income £77.5 million (2013)[1]
Employees 21,500 (2014)[2]
Website www.dssmith.com

DS Smith Plc is a leading British-based international packaging business. It is headquartered in Euston Road, London, and is a constituent of the FTSE 250 Index.

History

The business was founded by David Solomon Smith in 1940 manufacturing cartons. It was first listed on the London Stock Exchange in 1986. In 1986 it acquired St Regis Paper Company and 1988 Kemsley Paper Mill, both paper manufacturing businesses. In 1991 it went on to buy Kaysersberg Packaging, a leading packaging business, and in 1993 it bought Spicers, an office products wholesaler.[3] In 1996 it acquired John Dickinson, an envelope manufacturer,[4] and in 2004 it completed the purchase of Linpac Containers, a corrugated packaging manufacturer.[5] In July 2011 it sold Spicers, its office products wholesaling business, for £200 million.[6] DS Smith Plc acquired the packaging division of Svenska Cellulosa Aktiebolaget ('SCA') for a net consideration of approximately €1.6 billion (c. £1.3 billion) on 1 July 2012.[7]

Operations

The company manufactures packaging - corrugated packaging, plastic packaging and recycled paper - at sites across the UK, including at Kemsley in Kent, and the Wansbrough Paper Mill in Watchet, Somerset.

References

  1. ^ a b c Preliminary Results 2013
  2. ^ DS Smith: home page
  3. ^ David Smith buys Spicers for £95m: Purchase of envelope maker marks move away from cyclical paper making The Independent, 26 June 1993
  4. ^ Hamelin: Heritage
  5. ^ DS Smith to acquire Linpac Containers UK Official Board Markets, June 2004
  6. ^ DS Smith sells Spicers to Unipapel for £200m Packaging News, 3 January 2012
  7. ^ DS Smith packages up £1.3bn deal for Swedish rival SCA Packaging This is Money, 18 January 2012

External links

  • Official site
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