Liqui-Box to Acquire Conotainer

Liqui-Box to Acquire Conotainer 

Liqui-Box, Richmond, Va., USA, a world leader in flexible liquid packaging solutions, this week announced that it has signed a definitive agreement to acquire Conotainer, based in Madrid, Spain. Conotainer is a leading manufacturer of bag-in-box products specializing in the wine and beverage segments across mainland Europe.  

Ken Swanson, president and CEO of Liqui-Box Corp., said that "we are pleased to welcome the Conotainer team to Liqui-Box. This combination further extends our global reach and positions Liqui-Box perfectly to serve customers from multiple locations in Europe with best-in-class product and equipment technology."

Conotainer is a family-owned business, founded by Santos Ortega in 1994, and has developed strong relationships and a competitive offering across the European wine segment.

"Conotainer is very excited to become part of this growing, global packaging company," said Miguel Sanchez, GM of Conotainer. "The Conotainer team has built a strong foundation with a great reputation in our markets. We are thrilled to be joining Liqui-Box, and are looking forward to accelerating our growth."

Manu Bettegowda, Olympus Partners, noted that "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."  

Liqui-Box is a leading innovator of sustainable packaging solutions for quick, fresh, and cost efficient delivery of liquid and semi-liquid products. The company manufactures bag-in-box flexible packaging and pouches to serve a wide variety of global industries, including dairy, beverage, food, and non-food markets. 

Liqui-Box also designs, manufactures, and services state-of-the-art manufacturing equipment that supports the bag-in-box and stand-up pouch industries. Liqui-Box is a portfolio company of Olympus Partners, a Stamford, Conn.-based middle market private equity firm.