Connecticut-based Olympus Partners has acquired Liqui-Box Holdings, Inc. (Liqui-Box), a leading global player in the bag-in-box industry that designs and supplies liquid packaging systems to meet filling and dispensing needs across numerous end markets including dairy, beverage, food and wine.

“Liqui-Box is a market leader driven by its product quality, service and technological innovation,” says Manu Bettegowda, partner at Olympus. “The company has an entrenched position with a broad, blue chip customer base and we are excited to expand to new customers, geographies and products. We look forward to working with CEO Ken Swanson, CFO Lou Marmo and the rest of the Liqui-Box management team to help support the growth of the company through continued investment in the business and through acquisitions.”

Adds Ken Swanson: “We are enthusiastic about the opportunity to partner with an experienced packaging investor in Olympus. Together, we will continue to provide value to our customers and build on the momentum we have achieved to date.”

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 restaurants, consumer products, healthcare services, financial services and business services.

Olympus manages in excess of $5.5 billion on behalf of corporate pension funds, endowment funds and state-sponsored retirement programs. The Liqui-Box acquisition is Olympus’ third investment out of its $2.3-billion sixth fund.