Dutch Private Equity Firm to Acquire Clondalkin Flexible Packaging Group
Egeria, a Dutch-based private equity firm, has signed an agreement to acquire 100 percent of the shares of Clondalkin Flexible Packaging Group from an affiliate of Warburg Pincus. Completion of the transaction is expected to occur in Q4 2016.
Clondalkin has 11 manufacturing sites in The Netherlands, Germany, Switzerland, United Kingdom and the U.S., supplying over 45 countries globally. Egeria has a proven track record in growing and developing international manufacturing businesses, both organically and through acquisitions.
Paddy Mullaney, CEO of Clondalkin says: “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.
Floris Waage, partner at Egeria, comments: “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.”