PE-backed Liquibox sells select BIB assets to TriMas

Liquibox, which is backed by Olympus Partners, has sold select bag-in-box assets to TriMas Corporation.

Liquibox, which is backed by Olympus Partners, has sold select bag-in-box assets to TriMas Corporation. No financial terms were disclosed. Liquibox is a provider of liquid packaging and dispensing solutions.

PRESS RELEASE

[RICHMOND, Va., April 30, 2020]
Liquibox, a portfolio company of Olympus Partners, has completed the sale of select bag-in-box (BIB) assets to TriMas Corporation. This sale fulfills the obligations imposed by the Department of Justice in relation to Liquibox’s acquisition of DS Smith plc’s Plastics Division.

About Liquibox
Liquibox is a global leader in liquid packaging and dispensing – working in partnership with customers to deliver high-quality, innovative solutions that achieve sustainable performance. Liquibox was founded in 1961 and operates globally. Stamford, Connecticut-based private equity firm Olympus Partners holds Liquibox among its portfolio of middle-market packaging and other businesses. More at liquibox.com.

About Olympus Partners
Founded in 1988, Olympus Partners is a private equity firm focused on providing equity capital for middle market management buyouts and for companies needing capital for expansion. Olympus is an active, long-term investor across a broad range of industries including business services, food services, consumer products, healthcare services, financial services, industrial services, and manufacturing. Olympus manages in excess of $8.5 billion mainly on behalf of corporate pension funds, endowment funds and state-sponsored retirement programs.