Liquibox Corp

Sealed Air has closed its previously announced acquisition of Liquibox, a Richmond, Virginia maker of bag-in-box liquid packaging, for $1.15 billion on a cash and debt-free basis.

Sealed Air, which is rebranding as SEE, completed its $1.15 billion purchase of Liquibox, a maker of bag-in-box fluids and liquids packaging, during the first quarter of 2023.

Sealed Air (NYSE: SEE) signed a definitive agreement to acquire Liquibox, a manufacturer of Bag-in-Box sustainable packaging and dispensing solutions, for $1.15 billion on a cash-free, debt-free basis. Liquibox had estimated 2022 revenue of $362 million.

Liquibox and WestRock have launched a Ships in Own Container bag-in-box solution for liquid e-commerce packaging, combining Liquibox's recyclable Liquipure flexible packaging with WestRock's Meta box designs.

TriMas Corporation bought select bag-in-box assets from Liquibox, which is backed by Olympus Partners. The deal was reported on April 30, 2020.

Olympus Partners, through portfolio company Liquibox Corp., completed the acquisition of DS Smith's Plastics extruded products division, which is now named Corplex. Corplex operates seven facilities in France, the UK, Spain, Slovakia and the USA.