07 Mar 2019 --- British packaging group DS Smith has sold its plastics division to private equity firm Olympus Partners in a US$585 million deal, Reuters reports. The move allows the company to focus on its fiber-based model – as well as e-commerce packaging solutions – which spans corrugated packaging and paper. The rising use of paper-based materials could be partly attributed to increasing anti-plastic sentiment, especially from the consumer and regulatory sides, meaning NPD utilizing the “sustainable” material can be expected to continue flourishing.
