Essentra will acquire Clondalkin Group’s Specialist Packaging Division (SPD) for approximately $455m. The transaction – Essentra’s largest acquisition – should be completed in Q1 2015.
Clondalkin SPD has 24 facilities for secondary packaging products focused on the pharmaceutical and health and personal care industries. Its product portfolio includes folding carton, product literature and labels.
Essentra says the deal ‘significantly extends the company’s existing packaging capabilities and creates a global value proposition to serve customers.’
Headquartered in the UK with locations around the world, Essentra is a FTSE 250 company and supplier of plastic, fibre, foam and packaging products.