The combination of companies will offer a best-in-class converting and molding equipment platform.
Liqui-Box, a Richmond, Va.-based portfolio company of Olympus Partners, Stamford, Conn., announced plans to acquire DS Smith plc's plastics division to expand on its flexible and rigid packaging solutions. Together, Liqui-Box and DS Smith Plastics, UK, which includes the Rapak and Worldwide Dispenser businesses, will have a global footprint, design capabilities and service platform to drive advancements in technology and sustainability.
"The combination with DS Smith Plastics advances our strategic initiative to create the leading innovator of sustainable flexible and rigid packaging solutions," says Ken Swanson, chief executive officer of Liqui-Box. "This business has a significant synergistic fit with Liqui-Box and a product portfolio and manufacturing footprint that are highly complementary. This combination will be transformational for both companies and an exciting growth story for our employees and customers."