DS Smith Sale of Demes Logist

RNS Number : 1071F

Smith (DS) PLC

06 January 2010

 



6 January 2010

DS Smith Sells the Business and Assets of Demes Logistics

DS Smith Plc (SMDS), the international packaging manufacturer and office products wholesaler, has completed the sale of the business and assets of Demes Logistics to Cartonplast Holding, the international transport packaging group. Demes had gross assets of €11.2m as at 31 October 2009.

Demes had become a non-core business within the Group's Plastic Packaging segment.

Enquiries

DS Smith Plc                                                                         01628 583 400

Steve Dryden, Group Finance Director

Liz Christie, Group Investor Relations Manager

Financial Dynamics                                                              020 7831 3113

Andrew Dowler

 

END

 

 

DISBGGDBDXGBGGL