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Atlas Holdings acquires Sterling-backed packaging supplier Saxco

Atlas Holdings LLC, also known as Atlas FRM LLC, paid an undisclosed sum to acquire Saxco International LLC, a portfolio company of middle-market private equity firm The Sterling Group.

Saxco provides rigid packaging to the wine, spirits, craft beer and food markets in North America. It was bought by Sterling in 2010.

Atlas operates platform companies in the aluminum processing, automotive, building materials, capital equipment, construction services, paper and packaging, power generation, pulp, supply chain management and wood products sectors.