DS Smith

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DS Smith plc
Public limited company
Traded asLSESMDS
IndustryPackaging
Founded1940
HeadquartersEuston Road, London, UK
Key people
Gareth Davis, (Chairman)
Miles Roberts (CEO)
Revenue£5,765 million (2018)[1]
£437 million (2018)[1]
£259 million (2018)[1]
Number of employees
32,000 (2018)[2]
Websitewww.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[edit]

The business was founded by David Solomon Smith in 1940, to manufacture cartons. It was first listed on the London Stock Exchange in the late 1950s.[3] In 1986 it acquired St Regis Paper Company and in 1988 Kemsley Paper Mill, both paper manufacturing businesses. In 1991 the business bought Kaysersberg Packaging, a leading packaging business, and in 1993 it bought Spicers, an office products wholesaler.[4] In 1996 it acquired John Dickinson, an envelope manufacturer,[5] and in 2004 it completed the purchase of Linpac Containers, a corrugated packaging manufacturer.[6] In July 2011 it sold Spicers, its office products wholesaling business, for £200 million.[7] 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.[8] In May 2015, DS Smith Group completed the acquisition of Duropack for approximately €300m (c. £220m).[9] In December 2017 the company became a constituent of the FTSE 100 Index.[10]

Operations[edit]

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[edit]

  1. ^ a b c "Preliminary Results 2018" (PDF). DS Smith. Retrieved 10 March 2019.
  2. ^ a b "At a glance". DSSmith.com Corporate. Retrieved 10 March 2019.
  3. ^ "History". DS Smith. Retrieved 10 March 2019.
  4. ^ David Smith buys Spicers for £95m: Purchase of envelope maker marks move away from cyclical paper making The Independent, 26 June 1993
  5. ^ "Hamelin Brands - branded envelopes, notebooks, pads, diaries". hamelinpaperbrands.co.uk. Archived from the original on 26 June 2008. Retrieved 3 April 2015.
  6. ^ DS Smith to acquire Linpac Containers UK Official Board Markets, June 2004
  7. ^ DS Smith sells Spicers to Unipapel for £200m Packaging News, 3 January 2012
  8. ^ DS Smith packages up £1.3bn deal for Swedish rival SCA Packaging This is Money, 18 January 2012
  9. ^ "DS Smith snaps up Duropack for €300m". FT. 23 February 2015. Retrieved 15 April 2016.
  10. ^ "New FTSE 100 entrant DS Smith could make you brilliantly rich". Motley Fool. Retrieved 10 March 2019.

External links[edit]