Spicer Vision

Important Customer Communication


Date Published: 11/07/2011

Important Customer Communication

We are pleased to announce that DS Smith Plc has received a binding offer for Spicers from Unipapel S.A. (Unipapel has also announced that it has received a binding offer from BECAP SPV Limited (Better Capital) to acquire Spicers business units in the UK and Ireland)

As you are aware DS Smith Plc has a stated aim of becoming the leading supplier of recycled packaging for consumer goods.  The decision to consider a sale of Spicers, the leading provider of office products in Western Europe, is in line with this strategy.

We are now embarking upon a process of information and consultation with Spicers’ works councils and the proposed transaction is also subject to certain conditions.  However, should the sale be completed following this process we are confident that it would represent a major step forward for Spicers.  The price offered also indicates the huge confidence in the Spicers business now and for the future.

I can assure you that the focus of the UK & Ireland team is paramount and whilst the process continues it is very much ‘business as usual’ for us and we appreciate your continued support.

We are well supported, well funded and look forward to working together through the short, medium and long term.

I will continue to communicate as and when there are developments to report.  In the meantime, if you have any questions please do not hesitate to contact me.

Yours sincerely

 

Siobhan O'Connor

Managing Director Spicers Ireland