12 Feb 2024 --- Mondi has confirmed it is in the early stages of a possible merger with DS Smith, which estimates show would create a company with a combined value of €11.7 billion (US$12.6 billion). However, while Mondi says the combination is an “exciting opportunity,” a DS Smith announcement emphasizes the idea is “highly preliminary” and that no concrete proposal has yet been made. The deal, if realized, would create Europe’s biggest containerboard manufacturer. In 2021, Mondi was rumored to be making inroads toward a possible ~US$7 billion deal with its smaller rival, which was never achieved. Mondi has until March 7 to make another formal deal or abandon the idea.
