Nadir Figueiredo, a Brazil-based glass tableware manufacturer backed by H.I.G. Capital, acquired Colombia-based glass houseware company Cristar Tabletop from Owens Illinois for an undisclosed amount.

(H.I.G. Capital) H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $48 billion of equity capital under management, announced that its portfolio company, Nadir Figueiredo S.A. (“Nadir”) has completed the acquisition of Cristar Tabletop S.A.S. (“Cristar” or the “Company”) from Owens Illinois, a U.S.-listed company. The two companies combined generated revenues in excess of $252 million in 2021.

Based in Colombia, Cristar is the leading glass tableware company in the Andean region, holding a comprehensive drinkware portfolio of over 2,000 SKUs and modern facilities. The Company has an export-oriented sales strategy, serving over 40 countries worldwide.

Combined, Nadir and Cristar have the largest production capacity in Latin America and one of the most comprehensive glass tableware portfolios in the world. With well-known consumer brands (e.g., 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 and well positioned to capture growth opportunities in the region. Cristar’s acquisition also accelerates Nadir’s internationalization, strengthening the Company’s footprint in the Andean Region, the U.S., and European countries.