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Egeria to buy Clondalkin Flexible Packaging Group

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Egeria to buy Clondalkin Flexible Packaging Group

September 06
16:02 2016

copy-logoNetherlands-based private equity firm Egeria has agreed to purchase the Clondalkin Flexible Packaging Group (Clondalkin) from an affiliate of Warburg Pincus.

The deal is expected to complete in the last quarter of this year. The financial details have not been disclosed.

Clondalkin operates 11 manufacturing facilities in The Netherlands, Germany, Switzerland, the UK and the US.

With a turnover of nearly €400m, the company provides flexible packaging solutions to more than 45 countries.

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

Specialised in coated and laminated waxed papers and foils, the company also manufactures pre-cut lids, polymer-based sheets, rolls, sleeves and bags.

Clondalkin serves various markets, including food and beverage, biodegradable packaging, confectionery and bakery, dairy, tobacco, industrial, agricultural and horticultural, and services and leisure.

Egeria partner Floris Waage said: “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.”

Egeria is currently involved in growing and developing international manufacturing businesses both organically and through acquisitions.

Last year, Egeria acquired European technical service provider Dynniq, which specialises in the design, manufacturing, installation and maintenance of electronic systems for traffic and infrastructure.


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