Respect for your privacy is our priority

The cookie is a small information file stored in your browser each time you visit our web page.

Cookies are useful because they record the history of your activity on our web page. Thus, when you return to the page, it identifies you and configures its content based on your browsing habits, your identity and your preferences.

You may accept cookies or refuse, block or delete cookies, at your convenience. To do this, you can choose from one of the options available on this window or even and if necessary, by configuring your browser.

If you refuse cookies, we can not guarantee the proper functioning of the various features of our web page.

For more information, please read the COOKIES INFORMATION section on our web page.


LIQUI-BOX and DS Smith's Plastics Division join forces

07/03/2019 - Press release
LIQUI-BOX and DS Smith’s Plastics Division Join Together to Create Innovative Leader in Sustainable Packaging

Liqui-Box, a portfolio company of Olympus Partners, has agreed to acquire DS Smith plc’s Plastics Division to create a comprehensive and innovative leader in flexible and rigid packaging.
Liqui-Box and DS Smith Plastics, which includes the Rapak and Worldwide Dispenser businesses, will have a global footprint, design capabilities and service platform that will offer customers the most compelling packaging solutions and 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,” said Ken Swanson, Liqui-Box’s CEO. “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.

Strategic Rationale
After completion of the transaction, the combination of Liqui-Box and DS Smith Plastics will have a stronger and more differentiated value proposition for employees and customers through:
• Comprehensive global footprint with the ability to service customers from 35 manufacturing plants across 5 continents
• Best in class converting and molding equipment platform to deliver top quality products at scale
• Expanded R&D resources and innovation capabilities with multiple labs and testing facilities
• Materials and process advancements to support more environmentally sustainable products
• Strong management team and skilled workforce with a shared vision and purpose

Olympus Partners has been the majority investor in Liqui-Box since 2015. This additional investment to add the capabilities of DS Smith Plastics further supports our growth plan for the company,” said Manu Bettegowda, Olympus Partners.
We have always had a great deal of respect for the DS Smith team and are excited by the prospect of working together to create a strong management team and skilled workforce with a shared vision and purpose,” Swanson concluded.
Barclays served as financial advisor to Liqui-Box, and Kirkland & Ellis LLP served as legal counsel.
Where appropriate, works councils will be consulted and the transaction is subject to customary closing conditions, including regulatory approvals.

About Liqui-Box:
Liqui-Box is the leading innovator of sustainable packaging solutions for quick, fresh and cost-efficient delivery of liquid and semi-liquid products. The company manufactures Bag-in-Box flexible packaging, fitments and pouches to serve a wide variety of global industries, including dairy, beverage, food and non-food customers. Liqui-Box also designs, manufactures and services the fastest filling equipment in the industry along with best-in-class bag-making equipment. 

About DS Smith Plastics Division:
The Plastics Division consists of sustainable flexible packaging and dispensing solutions, plastics extrusion, injection molded and foam products. Headquartered in Chicago, the Plastics Division employs more than 2,000 people across 26 facilities in North America, Europe and Asia-Pacific.

About Olympus Partners:
Founded in 1988, Olympus Partners is a private equity firm focused on providing equity capital for middle market management buyouts and for companies needing capital for expansion. Olympus is an active, long-term investor across a broad range of industries including business services, food services, consumer products, healthcare services, financial services, industrial services, and manufacturing. Olympus manages in excess of $8.5 billion mainly on behalf of corporate pension funds, endowment funds and state-sponsored retirement programs.

Some complementary data
For further details :

Source : Liqui-Box





Supporting partners
Featured company
Trade Data Monitor
Most popular news
Featured event
The Tomato Day Conference
Our supporting partners