DS Smith plc, the London-headquartered packaging giant, has announced the acquisition of Kaplast dd, a Croatian injection molding company.
Terms of the deal were not disclosed, but the U.K. group said the newly-acquired firm would be integrated into its rigid packaging operation plastics products business, whose main facility in in Bilzen, Belgium.
Kaplast specializes in what DS Smith described as “added value returnable” beverage and food packaging.
Hans Van Der Looij, managing director of the group's European rigid and flexible packaging business, said the deal would help his company build on its “market-leading position in Europe and will allow us to grow our injection molded product offer in the region where we already have injection molded and extruded plastics operations”.
Ivan Feitl, general manager of Kaplast and now also head of DS Smith Plastics' Croatian operation, said: “Both DS Smith and Kaplast are known for the value and quality we bring to clients.
“Together, we can bring a new energy and heightened strategic approach to those we serve by capitalizing on synergies and our expertise in injection molding plastics packaging.”