opengate capital acquires nantes mill from ds smith pkbr staff writer

opengate capital, a global private buyout firm, has acquired ds smith packaging papeterie de nantes sas nantes mill from ds smith, a global provider of corrugated and plastics packaging.located in nantes, france, nantes mill is a producer of white top testliner paper, which is used in a variety of packaging applications. made from 100 recycled fiber, the testliner offers quality and printability in a wide grammage and trim range.under the deal, the mill will continue to supply materials to its former parent company, ds smith, and will expand its customer base throughout france and europe, over time and under opengate&39s ownership.opengate capital partner overseeing all european investments julien lagr&egraveze said &quotthe acquisition of the nantes mill is a direct result of nearly a yearlong discussion with ds smith.&quotwe were proactive in identifying the mill as a perfect complement to norpaper given its white top recycled testliner production capabilities, particularly with large widths and the business&39s ability to produce testliner iii &quotbrown&quot that will greatly enhance norpaper&39s product offering.&quotopengate capital european office principal fabien marcantetti said &quotwe will be examining all means to optimize the nantes mill from an operational perspective through synergies with norpaper.&quotterms of the acquisition were undisclosed.&nbsp

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opengate capital acquires nantes mill from ds smith pkbr staff writer