The acquisition is Sterling’s third investment in its third fund, an $820m fund raised in 2010.
Liqui-Box is the 21st corporate carve-out in Sterling’s 30-year history and the fourth business Sterling has acquired from DuPont.
Headquartered in Worthington, Ohio, Liqui-Box is a supplier of bag-in-box flexible packaging to the global dairy, beverage and bulk food markets. Bag-in-box packaging is primarily used in the foodservice industry to package dairy mix for milkshakes and coffee drinks, fountain beverage syrup and ‘pumpable’ liquid foods such as food concentrates and sauces.
Liqui-Box also produces pouches and rigid plastic water bottles. The company’s product offering includes consumables, such as ‘fitmented’ bags and pouch films, as well as filling machines.
Source: The Sterling Group
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