Packaging: Orbis acquires Corbi Plastics
Acquisition includes Cartonplast LLC’s interest in the CORBI Plastics LLC joint venture.
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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.”
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