DS Smith, a provider of corrugated & plastics packaging, has agreed to acquire US-based bag-in-box liquid solutions manufacturer Parish Manufacturing.
Financial terms of the deal, which is subject to certain customary completion conditions, were undisclosed.
Based in the US, Parish provides bag-in-box and custom packaging for various liquids used in the food, beverage, water, food service, and chemical industries.
The deal is expected to complement DS Smith’s expertise and position in flexible packaging and liquid dispensing markets under its Rapak brand.
The proposed acquisition is scheduled to be concluded by the first quarter of next year.
DS Smith CEO Miles Roberts said: “We are looking forward to welcoming Parish into the DS Smith Group and building on our leading Flexible Packaging business.
“The proposed acquisition will further enhance our customer offering in this important and growing market segment.”
In November, DS Smith has acquired Portugal based corrugated producer Gopaca for undisclosed amount.
Employing approximately 135 people, the Gopaca is engaged in production of corrugated packaging and has operations in Portugal.
Operating in more than 36 different countries and employing over 26,000 people, DS Smith provides corrugated packaging as well as certain types of plastic packaging.
The company offers packaging solutions through various divisions such as paper, plastics, packaging and recycling.
