Brazilian glass manufacturer Nadir Figueiredo has acquired Colombian glass tableware group Cristar Tabletop from O-I.
Cristar has a drinkware portfolio of over 2,000 SKUs and modern facilities and serves more than 40 countries globally.
Combined, Nadir and Cristar have the largest production capacity in Latin America and one of the most comprehensive glass tableware portfolios in the world.
The two companies combined generated revenues in excess of $252 million in 2021
With consumer brands such as Copo Americano, Marinex, Nadir and Cristar, and long-term relationships within its main distribution channels, the combined company is present in virtually all Latin-American households. It is and well positioned to capture growth opportunities in the region.
Cristar’s acquisition also accelerates Nadir’s internationalisation, strengthening its footprint in the Andean Region, the US and Europe.
Nadir Figueiredo is owned by global investment firm H.I.G Capital.
Patricio Figueiredo, CEO of Nadir, added: “Cristar’s acquisition marks a new growth chapter for Nadir, allowing us to access and grow in new important markets. We are very excited to work with Carlos Tamayo and his team to meet the growing global demand for glass tableware.”