21 Feb 2020 --- UK packaging group DS Smith’s pending sale of its Plastics Division to liquid packaging company Liqui-Box is expected to close shortly after clearing the US Department of Justice regulatory hurdle. Subject to the required US federal court ratification, the Olympus Partners portfolio company will acquire the Plastics Division for a reported net price of £400 million (US$514.6 million). DS Smith reiterates that the sale will allow it to focus on its core corrugated fiber-based business, which it suggests offers a “more lucrative future.”
