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Sterling Group exits Liqui-Box, Universal Fiber Systems

Oct 09, 2015 - The Deal Pipeline
Mergers and Acquisitions

Sterling Group LP completed a pair of exits last week. The Houston-based private equity firm said Oct. 1 it sold packaging company Liqui-Box Corp. to Olympus Partners LP. A day later, Sterling announced the sale of synthetic fiber manufacturer Universal Fiber Systems LLC for $275 million to H.I.G. Capital LLC.

The sale of Universal Fiber Systems and Liqui-Box both resulted from auction processes, said Sterling Group spokeswoman Franny Jones. Sterling hired the investment banks - Robert...