Dutch-based private equity group Egeria has agreed to acquire 100% of the share in Clondalkin Flexible Packaging from an affiliate of Warburg Pincus.
The acquisition includes 11 manufacturing sites in the Netherlands, Germany, Switzerland, the UK and the US.
The deal is expected to be completed in the final quarter of the year; financial details have not been publicly disclosed.
Clondalkin CEO Paddy Mullaney said: “We are delighted to team up with Egeria for the next step of our development plan. Egeria’s experience in supporting businesses will further facilitate and strengthen Clondalkin’s continued development and expansion.”
And Egeria partner Floris Waage said: “We are very excited to team up with Clondalkin. The company has a long history of delivering high value-added products and putting its customers first. We are committed to supporting Clondalkin and are convinced it has attractive growth opportunities.”
Clondalkin is a global flexible packaging manufacturer focused on delivering innovative packaging solutions to customers in more than 45 countries around the world, with annual turnover of approximately €400 million.
Amsterdam-based Egeria said that it “targets controlling stakes in healthy, well-led mid-market companies in the Netherlands, or in companies having a Dutch link”, and had previously acquired the frozen snack foods business Izico from Wessanen in 2014.
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