DuPont acquires Liqui-Box

Liqui-Box Corporation has announced that Liqui-Box shareholders voted in favour of the previously announced proposal whereby DuPont Canada's wholly-owned subsidiary, Enhance Packaging Technologies will acquire all of the outstanding common shares of Liqui-Box.

Liqui-Box is a leading manufacturer of packaging systems for pumpable food products for institutional applications. Upon completion of the merger, the combined businesses of Liqui-Box and Enhance will operate as Liqui-Box, a DuPont​ Canada company.

The combined business will offer complete turnkey systems for the aseptic and refrigerated liquid packaging of beverages, dairy products or pumpable foods, in retail as well as institutional applications, anywhere in the world. Ash Sahi, Enhance's president and CEO, will lead the unit, which has operations in North America, South America, Europe and Asia and more than 1,000 employees. Liqui-Box will no longer have a NASDAQ listing.

This acquisition is expected to contribute to DuPont Canada's earnings in the first 12 months of combined operations.

DuPont Canada is a diversified science company, serving customers across Ontario, Canada, and in more than 40 other countries. Headquartered in Mississauga, the company operates manufacturing facilities at seven sites in Canada and one in France, with more than 3,300 employees.

Based in Whitby, Ontario, Canada, Enhance Packaging Technologies, which includes Prepac of France, supplies films and systems to a wide range of customers including dairies, drink beverage producers, food producers, film converters and industrial customers in 30 countries.