The Sterling Group acquires Liqui-Box from DuPont
The Sterling Group, a Houston-based private equity investment firm, announced Dec. 30 that its affiliated investment fund, Sterling Group Partners III, L.P., has completed the acquisition of the Liqui-Box Corp. from DuPont. It is the fourth business Sterling has acquired from DuPont.
Liqui-Box, Worthington, Ohio, is a major 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.
"The entire Liqui-Box team is energized to partner with Sterling who has a proven track record of successfully transitioning unique, specialty businesses like ours to more nimble, stand alone companies and equipping them for future growth. We look forward to executing on a number of initiatives to expand our business and enhance our delivery of top quality products to our customers," says Roszann Graham, CEO of Liqui-Box.
Greg Elliott, a Partner of Sterling notes, "Roszann and her team have done an exceptional job positioning Liqui-Box as a leading provider of bag-in-box packaging solutions. Over the past several years, Liqui-Box has streamlined its operations to focus on its core products. Our focus now is to expand our global footprint, invest in technology and expand our offering of solutions to our customers."