Egeria Acquires Clondalkin Flexible Packaging Group
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Egeria, the Dutch based private equity firm, has signed an agreement to acquire 100% of the shares of Clondalkin Flexible Packaging Group from an affiliate of Warburg Pincus. Completion of the transaction is expected to occur in the fourth quarter of 2016.
Clondalkin is a global flexible packaging manufacturer focused on delivering high quality innovative packaging solutions. The company operates 11 manufacturing sites in the Netherlands, Germany, Switzerland, U.K., and the U.S., supplying more than 45 countries globally.
Paddy Mullaney, CEO of Clondalkin said that "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, noted that "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."
