Liqui-Box selling UK business as part of DS Smith acquisition 

Liqui-Box selling UK business as part of DS Smith acquisition

U.S. versatile liquid packaging specialist Liqui-Box has united to shed its a part of its bag-in-box business to maneuver forward with its 530 million monetary units ($582.1 million) acquisition of DS Smith plc’s versatile packaging business. The United Kingdom’s Competition and Markets Authority (CMA) needed the sale of the business with U.K.-based customers before Liqui-Box might complete the acquisition. Stamford, Conn.-based company can sell a plant in Wythenshawe, England, to Peak Packaging in a very deal proclaimed oct. 7. In July, the CMA aforementioned that the merger with DS Smith could lead to higher costs for food and drink suppliers, as they’d have fewer alternatives for packaging. The authority formally over the investigations into the acquisition at the top of September, stating that the transition was approved if sure undertakings were provided by Liqui-Box. Liqui-Box aforementioned its customers outside of the U.K. would still be served by Liqui-Box. Owned by non-public equity firm Olimbos Partners, Liqui-Box provides bag-in-box (BiB) packaging and filling machines, films and connections, besides bag-making machines to the market.