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.
[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.
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.