The Sterling Group Completes Sale of Liqui Box

October 1, 2015

Willkie represented Liqui-Box, a portfolio company of our client The Sterling Group, in the sale of Liqui-Box to Olympus Partners. 

On October 1, Willkie client The Sterling Group, a Houston-based private equity firm, announced that it has completed the sale of Liqui-Box Corporation to funds managed by Olympus Partners.

Headquartered in Richmond, Virginia, Liqui-Box is a leading global player in the bag-in-box industry. The company designs and supplies liquid packaging systems to meet filling and dispensing needs across numerous end markets, including dairy, beverage, food, and wine.

Founded in 1982, The Sterling Group targets controlling interests in basic manufacturing, distribution and industrial services companies. Currently, Sterling has over $2.4 billion of assets under management.

The Willkie deal team was led by corporate partners Bruce Herzog and William Gump and included partners Hillel Jacobson (tax) and Mark Holdsworth (benefits).  Senior associate Manuel Miranda played a significant role in the transaction, and the deal team included associates Victoria Rosales and Thomas Sharkey. Willkie had represented The Sterling Group when it purchased Liqui-Box from DuPont in 2012.