DS Smith to double its revenue

■ British packaging company DS Smith said yesterday that it expected to double its full-year revenue with the proposed acquisition of Sweden’s Svenska Cellulosa Aktiebolaget (SCA). DS Smith, which hopes to expand its footprint across northern Europe and the Nordic region through SCA, expects to complete the acquisition by the end of June, it said in a statement. “We expect SCA Packaging to add £2.1bn to £2.2bn to our current revenue of £2.5bn starting 1 July,” said chief executive Miles Roberts.