http://www.investegate.co.uk/article.as ... 8959O&fe=1
DS Smith plc today announced an agreement to acquire Corrugated Container Corporation (CCC), a high-quality corrugated packaging company in North America. The acquisition follows DS Smith's recent purchase of Interstate Resources, building on the company's paper and packaging capacity in the region.
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The acquisition is expected to be earnings enhancing immediately and is consistent with the Group's medium term financial targets.
So far they seem to have done well at integrating these bolt on acquisitions, even some quite large ones in Europe. Hopefully this success will continue in the future.
One of my better performing HYP shares, first bought in September 08 and showing an XIRR of 35% per annum including dividends. No longer high yield at ~2.7%, but good when bought and has now paid more in dividends than I paid originally, plus I let the rights issue lapse in 2012 which also returned a similar sum to the original cost of the shares.