HIG Capital (HIG) portfolio company, Nadir Figueiredo (Nadir) has completed the acquisition of Cristar Tabletop (Cristar) from Owens Illinois, a US-listed company.

The two companies combined generated revenues in excess of USD252 million in 2021.

Based in Colombia, Cristar is a 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.