Essentra acquires Clondalkin Group’s specialist packaging division

In a bid to increase its footprint in North America and Europe, UK-based plastics packaging supplier Essentra has bought the specialist packaging division (SPD) of the private equity-owned Clondalkin Group, a Netherlands-based packaging firm.

The acquisition – the largest in Essentra’s history – values the Clondalkin SPD operation at approximately US$455m.

In a statement, Colin Day, Essentra’s chief executive, said the acquisition was a “compelling strategic and complementary fit” for his firm. “It transforms our existing geographical capabilities to pharmaceutical and healthcare customers who are increasingly seeking a global partner for their packaging requirements. In addition, Clondalkin SPD substantially enhances Essentra’s position in the growing personal care and beauty packaging industry.”

“We believe that Essentra will continue to build upon the legacy of excellent service and high quality built .by the strong teams in place across our businesses in Europe and North America,” said David Lennon, Co-CEO of Clondalkin Group.

Completion of the above agreement is expected in the first quarter of 2015

Clondalkin Group is an international producer of high value added packaging products and services, with over 35 production locations in eight countries throughout Europe and North America and annual sales in excess of 700 million euros.