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DS Smith: "Non-core” Demes Logistics sold to Cartonplast Holding

International packaging supplier and office products wholesaler DS Smith (London / UK; www.dssmith.uk.com) has completed the sale of the business and assets of reusable packaging management specialist Demes Logistics, which it acquired at the end of 1998.

The unit, which DS Smith said had become non-core within its plastic packaging segment, has been acquired by international transport packaging group Cartonplast Holding (Dietzenbach / Germany). Demes Logistics had gross assets of EUR 11.2m at 31 October 2009.

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