US-based Olympus Partners has taken over liquid packaging systems firm Liqui-Box from the Sterling Group.
Sterling had acquired Liqui-Box from DuPont in 2011.
Headquartered at Richmond, Virginia, US, Liqui-Box designs and delivers liquid packaging solutions for diverse filling and dispensing requirements across various industries, including dairy, beverage, food, and wine.
The firm manufactures pouches and rigid plastic water bottles and also consumables such as fitmented bags and pouch films, as well as filling machines.
Liqui-Box products can be used for packaging of fountain beverage syrups, milkshake mixes, coffee drinks and pumpable liquid foods like concentrates and sauces, as well as for non-food products, such as oils and paints.
The firm has an operational manufacturing unit at Taizhou in China, and maintains offices across 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."
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."
Image: Liqui-Box operates a manufacturing facility in Taizhou, China. Photo: courtesy of Liqui-Box.