Clondalkin Flexible Packaging Group has announced that it has officially transferred ownership to the Dutch based private equity firm, Egeria.
This follows the announcement in September that Egeria had signed an agreement to acquire 100% of the shares of Clondalkin Flexible Packaging Group (“Clondalkin”) from an affiliate of Warburg Pincus.
This marks a new era for Clondalkin Group. As part of this change in ownership a new leadership team has taken over the running of the Group.
Paddy Mullaney, former CEO of Clondalkin Flexible Packaging and Michel Jansen, former CFO have stepped down from their positions. The new CFO of Clondalkin Flexible Packaging is Aschwin Hollander, who has a long experience in a variety of commercial and financial roles with Stork Prints Group, his last role as CFO.
Anthonie Zoomers has taken over as CEO. Anthonie is an experienced CEO who has worked in a variety of industries including the food industry.
Clondalkin Flexible Packaging Group (“Clondalkin”) is a global flexible packaging manufacturer focused on delivering high quality innovative packaging solutions.
Clondalkin comprises 11 manufacturing sites in The Netherlands, Germany, Switzerland, United Kingdom and USA supplying over 45 countries globally with a turnover of approximately €400 million.
Egeria has a proven track record in growing and developing international manufacturing businesses both organically and through acquisitions.