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.
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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.”
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With the completion of the deal, Clondalkin CEO Paddy Mullaney and CFO Michel Jansen have stepped down from their respective positions.
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Image: Clondalkin manufactures flexible packaging products. Photo: courtesy of Egeria.
