Clondalkin packaging group snapped up

Dutch private equity firm Egeria has agreed to acquire 100% of the shares of Clondalkin Flexible Packaging Group, which supplies confectionery, frozen food and cereal producers.

Clondalkin, which is currently owned by an affiliate of Warburg Pincus, comprises 11 manufacturing sites in the Netherlands, Germany, Switzerland, UK and US, supplying over 45 countries globally with a turnover of around €400 million ($449.5m).

Egeria has a proven track record in growing and developing international manufacturing businesses both organically and through acquisitions.

Clondalkin Paddy Mullaney CEO, said, “Egeria’s experience in supporting businesses will further facilitate and strengthen Clondalkin’s continued development and expansion.”

Floris Waage, partner at Egeria, added, “The company (Clondalkin) 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.”

The transaction is expected to complete in the fourth quarter of 2016.

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