DS Smith announces acquisition

The Plastics Division of London-based DS Smith has announced the acquisition of Kaplast d.d., a Croatian injection molding company. The Croatian firm manufactures plastic products and specializes in returnable beverage and food packaging.

DS Smith says the acquisition and subsequent integration of the firm will allow it to provide its customers with added value and increased manufacturing capabilities, service offerings and combined experience in innovative injection molded transit packaging for a variety of industries.

“The acquisition of Kaplast builds on our 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 plastic operations,” says Hans Van Der Looij, managing director of DS Smith’s Plastics Rigid and Flexible Packaging European group.

“We are excited to combine the strengths of these two dynamic organizations,” says Ivan Feitl, general manager of Kaplast, and DS Smith Plastics' Croatian operation. “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.”

“Our shared niche markets will allow us to leverage our service offerings, combined experience and industry knowledge,” says Paul Baeyens, managing director of DS Smith Plastics, Injection Molded Products. “In addition, by combining the resources of both companies, we can better meet the needs of our clients as they grow and expand.”