DS Smith Acquires Middleton Paper's Recycling Division
Middleton Paper's Recycling Division generates about 9,000 tonnes per year of fiber from a wide range of paper and cardboard grades.
Oct. 3, 2014 - DS Smith said that it has acquired the Recycling Division of Middleton Paper for an undisclosed sum.
Middleton's Recycling Division currently generates about 9,000 tonnes per year of fiber from a wide range of paper and cardboard grades. The Division was part of Middleton Paper which remains an independent merchant and converter based in Walsall, West Midlands. It has been established for 38 years and is part of the Middleton Group.
Peter McGuinness, Chief Executive of DS Smith, Recycling Division commented, "The Birmingham region is a key industrial and commercial area and the purchase of Middleton Recycling will allow us to target material and grow our presence here. It is a strategic fit for growing our business and extends our coverage in the area."
As the largest fiber recycler in Europe, DS Smith recovers approximately 5.4 million tonnes of paper and packaging annually for recycling. Recovered packaging (and other fibre grades) provide the raw materials used in production by the Group's paper making operations.
DS Smith is part of a multinational group employing over 20,000 people with revenue exceeding GBP 4 billion. It is the largest integrated paper and packaging company in the UK and the second largest packaging company in Europe. www.dssmith.com.
SOURCE: DS Smith