Paddy Mullaney, CEO of Clondalkin
Dutch based private equity firm Egeria has signed an agreement to acquire 100% of the shares of Clondalkin Flexible Packaging Group from an affiliate of Warburg Pincus.
Flexible packaging manufacturer, Clondalkin, supplies over 45 countries from its 11 manufacturing sites in The Netherlands, Germany, Switzerland, United Kingdom and USA and generates a turnover of approximately €400 million. Completion of the acquisition is expected to occur in Q4 2016.
‘We are delighted to team up with Egeria for the next step of our development plan,’ said Paddy Mullaney, CEO of Clondalkin. ‘Egeria’s experience in supporting businesses will further facilitate and strengthen Clondalkin’s continued development and expansion.’
‘We are very excited to team up with Clondalkin,’ commented Floris Waage, partner at Egeria. ‘We are committed to supporting Clondalkin and are convinced it has attractive growth opportunities.’
