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“This new investment will support our medium and long-term strategy and growth ambitions across the DS Smith East Region,” says Reinier Schlatmann, Regional Managing Director of East Europe.
“It will expand our footprint and portfolio with advanced technology and capabilities that allow us to support our customers better in achieving their ambitious environmental goals and offering new plastic replacement innovations.
We are seeing significant growth in demand for sustainable packaging and for plastic replacement in East Europe, especially in Serbia, and are delighted to announce our agreement to acquire Bosis doo.
We look forward to warmly welcoming our new colleagues. This acquisition will develop our ability to support customers, enhancing our capabilities in the region and accelerating growth by offering world-class, sustainable and innovative products to many more customers.”
“Following 41 years of successful, responsible and sustainable business, during which Bosis doo grew from a small family-owned screen printing shop into one of the regionally recognized players in the production of offset cardboard packaging and blister packaging, the time came for a new phase in the development of company,” says Bogoljub Pantelić, founder and owner of Bosis doo
“We are sure that this is the right decision for our family and Bosis doo, our employees and their families, as well as our long term business partners and local community, and that we are also leaving them in the safe hands of DS Smith, a leading sustainable packaging provider. Our shared philosophy and values will ensure the future and sustainable growth of Bosis doo.”
Following completion of the acquisition of Bosis doo, DS Smith’s total packaging operations in Eastern Europe will comprise 29 box plants and additional facilities, employing more than 7,000 people in the region. Situated 100 km south of Belgrade, Serbia, the family-owned business was founded in 1982 and employs 140 employees working on a single site in Valjevo.
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