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LIQUI-BOX and DS Smith's Plastics Division Join Together to Create Innovative Leader in Sustainable Packaging

RICHMOND, Va., March 6, 2019 /PRNewswire/ -- 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. "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." "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.

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