Karanovic & Partners has advised DS Smith on its acquisition of Serbian offset cardboard packaging and blister packaging company Bosis.
DS Smith is a British multinational packaging business headquartered in London and listed on the London Stock Exchange. It is a provider of sustainable packaging solutions, paper products, and recycling services worldwide.
Situated approximately 100 kilometers south of Belgrade, the family-owned Bosis business was founded in 1982 and employs 140 people working on a single site in Valjevo.
Following the completion of the share-transaction acquisition of Bosis, 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, the company announced.
"Following 41 years of successful, responsible, and sustainable business, during which Bosis grew from a small family-owned screen printing shop [...] the time came for a new phase in the development of Bosis," Bosis Founder and Owner Bogoljub Pantelic commented. "We are sure that this is the right decision for our family and Bosis, our employees and their families, as well as our long-term business partners and local community."
The Karanovic & Partners team included Partners Milos Jakovljevic and Bojan Vuckovic, Senior Associate Marko Culafic, and Associate Mladen Vujic.