Liqui-Box Corp. is acquiring Spain's Conotainer SL, a bag-in-box container maker based in Madrid.
Richmond, Va.-based Liqui-Box signed a definitive agreement for the firm, which specializes in packaging for wine and other beverages.
“The acquisition of Conotainer supports Liqui-Box's strategic plan for growth and is an important addition to the Liqui-Box portfolio. The company is an ideal fit for Liqui-Box and will be an important contributor to future growth within continental Europe,” said Manu Bettegowda, a partner with Olympus Partners, in a statement. Olympus Partners, a private equity firm, owns of Liqui-Box.
Santos Orgeta founded family-owned Conotainer in 1994 and has what Liqui-Box called “strong relationships and a competitive offering across the European wine segment.”
“The Conotainer team has built a strong foundation with a great reputation in our markets, and we are thrilled to be joining Liqui-Box and looking forward to accelerating our growth,” General Manager Miguel Sanchez said in a statement.
Liqui-Box CEO Ken Swanson said in a statement: “This combination further extends our global reach and positions Liqui-Box perfectly to serve customers from multiple locations in Europe.”