Packaging: Orbis acquires Corbi Plastics
Acquisition includes Cartonplast LLC’s interest in the CORBI Plastics LLC joint venture.
in the NewsState of Logistics 2016: Pursue mutual benefit RM2 and Jabil collaborate on NA production of pallets Global demand for materials handling equipment to reach $176 billion by 2020 ISA and the Automation Federation draw attention to the growing need for skilled manufacturing work Good news for West Coast ports More News
ORBIS Corporation, a leader in sustainable reusable packaging, announced today that is has completed the acquisition of Cartonplast LLC’s interest in the CORBI Plastics joint venture. Terms of the transaction were not disclosed.
In 2005, Cartonplast LLC and ORBIS Corporation formed a joint venture, creating CORBI Plastics LLC. CORBI Plastics operates a manufacturing facility in DeForest, Wis., and eleven service centers across the United States. In addition to manufacturing solid and plastic corrugated sheet packaging, CORBI Plastics delivers customer value by owning and managing pools of plastic reusable pallets, top frames and divider sheets that protect food, beverage and aerosol packaging products during storage and distribution. It specializes in managing transportation complexities, facilitating the cleaning process and tracking assets. CORBI Plastics has approximately 110 employees in the United States.
According to Bill Ash, president of ORBIS Corporation, “Our customers are continually looking to ORBIS for leadership and expertise in ways to reduce their supply chain costs with reusable packaging. This is a tremendous opportunity to meet the diverse and growing needs of the marketplace with an integrated product line and enhanced service levels to support our collective customers. This will expand ORBIS’ service capabilities, with additional locations to better serve a wider group of customers.”
Subscribe to Modern Materials Handling Magazine!Subscribe today. It's FREE!
Find out what the world’s most innovative companies are doing to improve productivity in their plants and distribution centers.
Start your FREE subscription today!
Lift Truck Tips: Knowledge is Power Software system gives new facility a competitive edge View More From this Issue