TRANSACTIONS / Sale of Milas Packaging to DS Smith Plc

DS Smith Plc, a leading UK-based provider of recycled corrugated packaging in Europe, acquired Milas Ambalaj, a leading folding carton producer in Turkey.   

Ventura Partners acted as exclusive financial advisor to Milas Ambalaj on the transaction.

Established in 1979, Milas Ambalaj is a leading producer of specialist corrugated packaging and displays in Turkey. The business is focused on international FMCG customers, and is well positioned for the Turkish market as well as European exports. The business generates annual revenues of approximately US$25 million and has around 240 employees at its production facility located near Istanbul.

DS Smith Plc, a leading provider of corrugated packaging in Europe operates across 34 countries and employs around 25,400 people. DS Smith’s revenues reached £3.8 billion through the sales of more than 6 billion corrugated boxes per annum. This acquisition enables DS Smith to have direct exposure to the attractive Turkish market through a well-invested business focused on FMCG customers and is a further step in complementing its South Eastern European footprint and capabilities for pan-European customers. 
Completion, which is subject to customary conditions including competition clearance, is expected by the end of DS Smith’s financial year 2015/16. 

Ventura Partners, based in Istanbul - Turkey, is one of the leading M&A advisory boutiques providing corporate finance services in a broad range of sectors.