In April 2024, Karanovic & Partners announced that DS Smith's acquisition of Bosis (reported by CEE Legal Matters on August 4, 2023) had closed.
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.
According to Karanovic & Partners, "DS Smith, a renowned sustainable packaging provider, has successfully finalized the acquisition of Bosis, a premier packaging company in Serbia specializing in fast-moving consumer goods clientele. Notably, a core focus area for DS Smith is plastic replacement, and the company recently achieved a significant milestone by replacing over 762 million units of plastic since March 2020. By collaborating closely with customers, DS Smith endeavors to assist them in achieving their sustainability objectives, with a particular emphasis on accelerating progress in the East Region."
As previously reported, Karanovic & Partners advised DS Smith on the acquisition.
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 the local community."
The Karanovic & Partners team included Senior Partner Milos Jakovljevic, Partner Bojan Vuckovic, Senior Associates Marko Culafic, Milorad Gajic, and Mladen Vujic, and Associate Ljubica Stojanovic.
