NEWS

Connecticut-based Olympus Partners acquires bag-in-box flexible packaging supplier Liqui-Box

Tuesday, Oct 06, 2015

Private equity firm Olympus Partners has acquired liquid packaging systems company Liqui-Box from the Sterling Group for an undisclosed amount.

The acquisition is Olympus' third investment out of its $2.3bn sixth fund.

Based in Richmond, Virginia, Liqui-Box designs and supplies liquid packaging systems to cater to filling and dispensing needs across numerous end markets, including dairy, beverage, food, and wine.

Liqui-Box produces pouches and rigid plastic water bottles and its product offering includes consumables, such as fitmented bags and pouch films, as well as filling machines.

Its products can be used in the packaging of fountain beverage syrups, milkshake mixes, coffee drinks, and pumpable liquid foods, such as concentrates and sauces, as well as non-food products, including oils and paints.

Liqui-Box operates a manufacturing location in Taizhou, China; and offices in the US, the UK, Mexico, Chile, Brazil, Colombia, and China.

Olympus Partners partner Manu Bettegowda said: "Liqui-Box is a market leader driven by its product quality, service and technological innovation. The company has an entrenched position with a broad, blue chip customer base and we are excited to expand to new customers, geographies and products.

"We look forward to working with CEO Ken Swanson, CFO Lou Marmo and the rest of the Liqui-Box management team to help support the growth of the company through continued investment in the business and through acquisitions."

Sterling bought the bag-in-box flexible packaging supplier from DuPont in 2011.

Liqui-Box CEO Ken Swanson said: "We are enthusiastic about the opportunity to partner with an experienced packaging investor in Olympus.

"Together, we will continue to provide value to our customers and build on the momentum we have achieved to date."

 

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