Liqui-Box is headquartered in Worthington, Ohio and supplies bag-in-box packs to the global dairy, drink and bulk food markets.

In particular, it supplies the foodservice industry. The company also produces pouches and rigid plastic water bottles.

Liqui-Box chief executive Roszann Graham said in a statement: “The entire Liqui-Box team is energized to partner with Sterling, who has a proven track record of successfully transitioning unique, speciality businesses like ours to more nimble, stand-alone companies and equipping them for future growth.”

Sterling partner Greg Elliott added: “Over the past several years, Liqui-Box has streamlined its operations to focus on its core products. Our focus now is to expand our global footprint, invest in technology and expand our offering.”

No financial details of the transaction were made public.