The move will see the Netherlands-based company pass from possession of the US-headquartered Warburg Pincus to another private equity firm – the Dutch Egeria.
Announcing the move on 12 September, Clondalkin states: ‘Egeria has a proven track record in growing and developing international manufacturing businesses both organically and through acquisitions.’
Paddy Mullaney, CEO of Clondalkin, adds: ‘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. ‘The move is scheduled to be completed by the end of Q4 2016. The sum paid by Egeria to acquire Clondalkin has not been disclosed.
This article comes from Food Contact World, which provides exclusive news and analysis on developments in digital print trends, markets, and technologies.