Clearwater International advises Atlantic Box on its acquisition of CST

Clearwater International has advised Atlantic Box and its shareholders, on its acquisition of Cartonagem São Tiago (CST), a manufacturer of corrugated cardboard and solid board packaging solutions.

Founded in 1956, CST is one of the most renowned players in the cardboard packaging sector in Portugal. Headquartered in Braga, the company benefits from an industrial facility that it has recently invested in, capable of accommodating the increasing growth for sustainable packaging solutions. CST has a diversified client base, serving sectors spanning across food & beverage, industrials, consumer staples, and retail.

Atlantic Box was founded by Touriga and a group of co-investors that joined forces to invest in the paper packaging sector. The company is an independent private initiative, investing its own capital together with a group of co-investors, on a deal-by-deal basis. The aim is to achieve solid growth and value creation partnerships in the SME landscape, with a focus on distinctive, scalable, and sustainable businesses.

CST represents Atlantic Box’s third investment in the packaging sector after the acquisitions of Cartonagem Cardoso and ECC. As part of this transaction, the previous owners of CST will become shareholders of Atlantic Box and will continue to be actively involved in the management of the group.