RIO DE JANEIRO–(BUSINESS WIRE)–March 17, 2022–
HIG Capital (“HIG”), a leading global alternative investment firm with $48 billion in equity under management, announced that its holding company, Nadir Figueiredo SA (“Nadir”) has completed the acquisition of Cristar Tabletop SAS (“Cristar” or the “Company”) of Owens Illinois, a company listed in the United States. The two companies combined generated revenues of over $252 million in 2021.
Based in Colombia, Cristar is the leading glassware company in the Andean region, with a comprehensive glassware portfolio of over 2,000 SKUs and modern facilities. The company has an export-oriented sales strategy, serving more than 40 countries worldwide.
Together, Nadir and Cristar have the largest production capacity in Latin America and one of the most comprehensive glassware portfolios in the world. With well-known consumer brands (e.g., Copo Americano, Marinex, Nadir and Cristar) and long-term relationships within its primary distribution channels, the combined company is present in virtually every Latin American home and well positioned to seize growth opportunities in the Region. The acquisition of Cristar also accelerates the internationalization of Nadir, strengthening the company’s footprint in the Andean region, in the United States and in European countries.
Thiago Miskulin, Managing Director of HIG Brazil and Latin America, said: “We are very pleased with the acquisition of Cristar by Nadir. The two companies are very complementary and together become a leading player in the world market for glass tableware.
Patricio Figueiredo, CEO of Nadir, added: “The acquisition of Cristar marks a new chapter of growth for Nadir, allowing us to access and expand into important new markets. We are delighted to work with Carlos Tamayo and his team to meet the growing global demand for glassware.
About Nadir Figueiredo
Founded in 1912 in the state of São Paulo, Nadir is the largest glass tableware company in Brazil and one of the largest in the world. The company has a comprehensive product portfolio of over 2,000 SKUs while reaching around 1,200 customers in Brazil and abroad. With 110 years of success in the Brazilian market, the company has a long-standing relationship and well-known reputation with distributors and retailers in the food and beverage industry and with households in all Brazilian states. For more information visit www.nadirfigueiredo.com.br.
Founded in 1979, Cristar is the largest glassware company in the Andean region with customers served in over 40 countries. Cristar produces a wide range of tumblers, tumblers and other beverage sets at its oven in Buga, Colombia. The company previously operated as a subsidiary of OI Glass Inc, one of the world’s largest glass container manufacturers. For more information, visit https://cristar.com.co/.
About HIG Capital
HIG is a leading global alternative asset investment firm with $48 billion in equity under management. * Based in Miami and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco and Atlanta in the United States, as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, HIG specializes in providing debt and equity capital to small and medium-sized enterprises, using a flexible and operations/value-oriented system. added approach:
1. HIG equity funds invest in management buyouts, recapitalizations and corporate carve-outs of profitable and underperforming manufacturing and service companies.
2. HIG’s debt funds invest in senior, unitranche and junior debt financing of companies of all sizes, both on a primary basis (direct origination) and in the secondary markets. HIG is also a leading CLO manager, through its WhiteHorse family of vehicles, and operates a publicly traded BDC, WhiteHorse Finance.
3. HIG real estate funds invest in value-added properties, which can benefit from better asset management practices.
4. HIG Infrastructure focuses on making more value-added and grassroots investments in the infrastructure sector.
Since its inception in 1993, HIG has invested in and managed over 300 companies worldwide. The company’s current portfolio includes over 100 companies with combined sales of over $30 billion. For more information, please visit HIG’s website at www.higcapital.com.
* Based on total capital commitments managed by HIG Capital and its subsidiaries.
See the source version on businesswire.com: https://www.businesswire.com/news/home/20220317005568/en/
CONTACT: Thiago Miskulin
KEYWORD: SOUTH AMERICA COLOMBIA BRAZIL
SECTOR KEYWORD: OTHER ONLINE RETAIL BANKING RETAIL MANUFACTURING PROFESSIONAL SERVICES OTHER CONSUMER FOOD/BEVERAGE OTHER MANUFACTURING RETAIL CONSUMER FINANCE
SOURCE: HIG Capital
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PUB: 03/17/2022 12:07 PM/DISC: 03/17/2022 12:07 PM