DS Smith

DS Smith plc is an international packaging business, headquartered in London, England. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.

DS Smith plc
Public limited company
Traded asLSE: SMDS
ISINGB0008220112 
IndustryPackaging
Founded1940
HeadquartersLondon, England, UK
Key people
Revenue£6,171 million (2019)[1]
£517 million (2019)[1]
£274 million (2019)[1]
Number of employees
27,574 (2019)[1]
Websitewww.dssmith.com

History

The business was founded by two cousins, David Gabriel Smith and David Solomon Smith in 1940, to manufacture cartons. It was first listed on the London Stock Exchange in the late 1950s.[2]

In 1986 the company 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.[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) in 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 became a constituent of the FTSE 100 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 – with sites in 37 countries.[10]

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References
  1. "Annual Report 2019" (PDF). DS Smith. Retrieved 28 February 2020.
  2. "History". DS Smith. Retrieved 10 March 2019.
  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. "New FTSE 100 entrant DS Smith could make you brilliantly rich". Motley Fool. Retrieved 10 March 2019.
  10. "DS Smith Locations Map". DS SMith. Retrieved 25 November 2019.
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