Dutch equity firm Egeria has concluded its acquisition of Switzerland’s Clondalkin Flexible Packaging Group from an affiliate of Warburg Pincus.
In September, Egeria entered a deal to acquire 100% of the shares of Clondalkin, which has 11 manufacturing sites in the Netherlands, Germany, Switzerland, the UK and the US.
With a turnover of approximately €400m, Clondalkin delivers its packaging solutions to 45 countries worldwide.
After signing the acquisition deal, Egeria partner Floris Waage said: “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.”
With the completion of the deal, Clondalkin CEO Paddy Mullaney and CFO Michel Jansen have stepped down from their respective positions.
Aschwin Hollander is to become the new CFO, while Anthonie Zoomers has taken over as CEO.
Image: Clondalkin manufactures flexible packaging products. Photo: courtesy of Egeria.