M&A Deal Summary

Sealed Air Acquires Liquibox

On November 1, 2022, Sealed Air acquired packaging company Liquibox from Olympus Partners for 1.2B USD

Acquisition Highlights
  • This is Sealed Air’s 9th transaction in the Packaging sector.
  • This is Sealed Air’s 2nd largest (disclosed) transaction.
  • This is Sealed Air’s 9th transaction in the United States.
  • This is Sealed Air’s 1st transaction in Virginia.

M&A Deal Summary
Date 2022-11-01
Target Liquibox
Sector Packaging
Buyer(s) Sealed Air
Sellers(s) Olympus Partners
Deal Type Add-on Acquisition
Deal Value 1.2B USD

Target

Liquibox

Richmond, Virginia, United States
website
Liquibox is a 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 food service industry to package dairy mix for milkshakes and coffee drinks, fountain beverage syrup, and pumpable liquid foods such as food concentrates and sauces. Liquibox was formed in 1961 and is based in Richmond, Virginia.

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Buyer(S) 1

Buyer

Sealed Air

Charlotte, North Carolina, United States

website

Category Company
Founded 1960
Sector Packaging
Employees16,500
Revenue 5.5B USD (2021)
DESCRIPTION
Entrance to Sealed Air's corporate headquarters in Charlotte, North Carolina.
Entrance to Sealed Air's corporate headquarters in Charlotte, North Carolina.

Sealed Air is a global provider of food safety and security, facility hygiene and product protection. Sealed Air serves an array of end markets including food and beverage processing, food service, retail, healthcare and industrial, and commercial and consumer applications. Sealed Air was formed in 1960 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 19 of 19
Sector (Packaging) 9 of 9
Type (Add-on Acquisition) 14 of 14
State (Virginia) 1 of 1
Country (United States) 9 of 9
Year (2022) 2 of 2
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-02 Foxpak

Louth, Ireland

Foxpak is a privately-owned Irish packaging solutions company that pioneered the development of digital printing on flexible packaging. Foxpak was founded in 2001 and is based in Louth, Ireland.

Buy -

Seller(S) 1

SELLER

Olympus Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1988
PE ASSETS 8.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Olympus Partners is a private equity group focused on investing in growth companies with strong management, and positions in their respective markets. The Firm will consider both venture capital and private equity investments and looks to commit $50 to $300 million per transaction. The Firm focuses its investment activities within the business services, healthcare, financial services, consumer, restaurant, software/IT services, and logistics/transportation industries. Olympus Partners was formed in 1988 and is based in Stamford Connecticut.

DEAL STATS #
Overall 44 of 46
Sector (Packaging) 2 of 2
Type (Add-on Acquisition) 21 of 22
State (Virginia) 1 of 1
Country (United States) 41 of 43
Year (2022) 1 of 1
Size (of disclosed) 3 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-30 EyeSouth Partners

Atlanta, Georgia, United States

EyeSouth Partners is an eye care physician services organization committed to partnering with leading physicians to build a premier network of eye care services in Georgia and the Southeast. EyeSouth’s partner practices’ clinical mission is to provide high-quality medical and surgical specialty eye care. The organization supports its affiliated practices and physician partners with capital, administrative resources, operating expertise, and strategic guidance with an absolute focus on clinical quality and a patient-first culture. EyeSouth Partners was founded in 2017 and is based in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-14 IWG

Camden, New York, United States

IWG is a designer and manufacturer of highly-engineered copper-based wire products. IWG’s products are utilized in end markets such as industrial and energy, electronics and data communications, automotive and specialty vehicles, aerospace and defense, medical products and consumer and appliance industries. IWG was formed in 1995 and is based in Camden, New York.

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