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Liqui-Box, a world leader in flexible liquid packaging solutions, announced today that they have 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 Corporation, said, "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, General Manager of Conotainer. "The Conotainer team has built a strong foundation with a great reputation in our markets, and we are thrilled to be joining Liqui-Box and looking forward to accelerating our growth."
"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." commented Manu Bettegowda, Olympus Partners.
