date:Jul 03, 2012
mated the buyout would deliver savings of at least 115m a year. The firm said these would be broken down into pre-tax cost savings from procurement and operational efficiencies of at least 75m and cumulative capital expenditure and working capital benefits of at least 40m annually.
The savings would be seen by the end of the third full financial year following purchase, said the company.
Group chief executive Miles Roberts said:The SCA Packaging business is very complementary to DS Smiths stre