UK-based corrugated packaging group DS Smith has agreed to purchase bag-in-box systems manufacturer Parish Manufacturing for an undisclosed sum.
Based in the US, Parish also provides bag-in-box and custom packaging for various liquids used in the food, beverage, water, food service, and chemical industries.
Subject to certain customary completion conditions, 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.”
The company currently offers packaging, recycling paper and plastic packaging solutions.
In 2014, DS Smith’s plastics division acquired Croatian injection moulding company Kaplast.
With the completion of the acquisition, Kaplast has been incorporated into DS Smith Plastics Division’s Rigid Packaging Group.
Rigid Packaging Group’s Injection Moulded Products’ business is currently operating a facility in Bilzen, Belgium.
The integration has enabled DS Smith to provide increased manufacturing capabilities, service offerings and combined experience in innovative injection moulded transit packaging for various industries.
Kaplast manufactures plastic products specialising in added value returnable beverage and food packaging.