The investment will expand Liqui-Box’s packaging capabilities.
Liqui-Box, a Richmond, Va.-based portfolio company of Olympus Partners, said it agreed to acquire DS Smith PLC’s plastics division to form a comprehensive and innovative flexible and rigid packaging company.
By combining forces, 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, Liqui-Box said.