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.

For more information on products and services from Liqui-Box please visit www.liquibox.com.

About Liqui-Box:

Liqui-Box is the 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. Product applications include fountain beverage syrup, milkshake mix, coffee drinks, pumpable liquid foods such as concentrates and sauces, as well as non-food products like oils and paints. Liqui-Box offers the fastest filling equipment in the industry, best-in-class bag-making equipment, as well as consumable packaging, including film substrates, bags with fitments, and pouches. Liqui-Box is a portfolio company of Olympus Partners, a Stamford based middle market private equity firm with over 25 years of experience improving and growing packaging and other businesses.