US-based WestRock Company has purchased Plymouth Packaging for an undisclosed sum.
Also based in the US, Plymouth primarily caters to the corrugated packaging industry and has developed a ‘Box on Demand’ packaging system that uses corrugated fanfold materials and proprietary box-making machinery.
The latest deal includes Plymouth’s ownership stake in Panotec, its Box on Demand machinery manufacturer in Italy, and its investment in US-based corrugator Alliance Sheets.
Plymouth Packaging president Greg Magnell said: “The combination provides access to a much broader geographic footprint and significant additional resources that will help this business continue to grow and serve our customers.”
Magnell will continue to work in his current position following the acquisition of Plymouth, which was established in 1991.
Plymouth’s ‘Box on Demand’ systems are designed to enable customers to make right-sized corrugated boxes at their facilities to cost-effectively package various products.
The integrated packaging systems are also capable of reducing both packaging and shipping costs when compared to traditional corrugated boxes.
Plymouth has already installed the systems at companies serving different end markets such as e-commerce, building products, furniture and industrial, among others.
Plymouth currently serves its Box on Demand customers based in North America from three of its corrugated fanfold manufacturing facilities and other distribution centres.
The company also offers conventional corrugated box manufacturing capabilities and operates a short to medium volume sheet plant that caters to the South-East Michigan market in the US.