CLONDALKIN
Takeover by Egeria complete / New CEO and CFO installed
Clondalkin Flexible Packaging (Amsterdam / The Netherlands; www.clondalkingroup.com) on 19 December announced that it is now fully controlled by private equity firm Egeria (Amsterdam; www.egeria.nl). The latter in September signed an agreement with Warburg Pincus (www.warburgpincus.com) to acquire 100% of the shares in the flexible packaging producer (see Plasteurope.com of 15.09.2016).
Now that the takeover is complete, the company has announced a change in management. Former CEO Paddy Mullaney and CFO Michel Jansen have stepped down. Instead, the company is now led by Anthonie Zoomers, a veteran consultant. New CFO is Aschwin Hollander, who last served as CFO at Stork Prints Group.
Clondalkin operates 11 production sites in The Netherlands, Germany, Switzerland, the UK and the US. With its products sold in more than 45 countries worldwide, the group last posted sales of about EUR 400m.
Now that the takeover is complete, the company has announced a change in management. Former CEO Paddy Mullaney and CFO Michel Jansen have stepped down. Instead, the company is now led by Anthonie Zoomers, a veteran consultant. New CFO is Aschwin Hollander, who last served as CFO at Stork Prints Group.
Clondalkin operates 11 production sites in The Netherlands, Germany, Switzerland, the UK and the US. With its products sold in more than 45 countries worldwide, the group last posted sales of about EUR 400m.
21.12.2016 Plasteurope.com [235834-0]
Published on 21.12.2016
German version of this article...