DS Smith to Acquire U.S.-Based Parish Manufacturing
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DS Smith Plc, London, U.K., a provider of corrugated and plastics packaging, supported by paper and recycling operations worldwide, this week announced the proposed acquisition of Parish Manufacturing Inc. Parish is a U.S. manufacturer and supplier of bag-in-box systems, located in Indianapolis, Ind. Parish's focus is in bag-in-box and custom packaging for different liquids for the food, beverage, water, food service, and chemical industries.
The acquisition, which is subject to certain customary completion conditions, complements DS Smith's expertise and position in the flexible packaging and liquid dispensing markets under its Rapak brand. Completion of the proposed acquisition is expected during the first quarter of 2017.
Miles Roberts, CEO of DS Smith, said that "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."
DS Smith operates across 36 countries and employs 26,000 people.
