DS Smith

DS Smith plc
Public limited company
Traded as LSE: SMDS
Industry Packaging
Founded 1940
Headquarters Euston Road, London, UK
Key people
 Gareth Davis, (Chairman)
Miles Roberts (CEO)
Revenue £4,781 million (2017)[1]
£378 million (2017)[1]
£208 million (2017)[1]
Number of employees
 26,000 (2017)[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 100 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] In May 2015, DS Smith Group completed the acquisition of Duropack for approximately €300m (c. £220m).[8] In December 2017 the company was moved to the FTSE100 index.[9]

Operations

Statue by Sir Antony Gormley outside DS Smith's head office in Euston Road

The company manufactures packaging - corrugated packaging, plastic packaging and recycled paper - at sites across the UK.[2]

References

  1. 1 2 3 "Preliminary Results 2017" (PDF). DS Smith. Retrieved 17 March 2018.
  2. 1 2 "At a glance". DSSmith.com Corporate. Retrieved 24 April 2017.
  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 Brands - branded envelopes, notebooks, pads, diaries". hamelinpaperbrands.co.uk. Archived from the original on 26 June 2008. Retrieved 3 April 2015.
  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
  8. ↑ "DS Smith snaps up Duropack for €300m". FT. 23 February 2015. Retrieved 15 April 2016.
  9. ↑ https://www.fool.co.uk/investing/2017/12/07/new-ftse-100-entrant-ds-smith-plc-could-still-make-you-brilliantly-rich/
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