BOGOTÁ, COLOMBIA (Aug. 10, 1 p.m. ET) — One Equity Partners has acquired a minority stake in rigid packaging manufacturer Grupo Phoenix.
The private equity firm agreed to make a “significant equity investment” that will be used to support Grupo Phoenix's growth plan.
According to a new release, the investment will give Bogotá, Colombia,–based Phoenix the opportunity to strengthen its presence in new geographies, without losing control and management of the operation, and allow it to invest in new technologies.
Phoenix has 10 manufacturing locations throughout North and South America — in Columbia, Venezula, Mexico and the U.S. Last year, it opened a second U.S. location in Chandler, Ariz.
The privately-owned company manufactures injected molded and thermoformed containers and other products, along with extruded barrier packaging, shrink sleeves and foil lidding.
OEP is the private investment arm of JPMorgan Chase & Co.