Breaking News on Food and Beverage Processing and PackagingWorldUSEurope

News > Financial

Breaking News

$1.6bn Mauser Group acquisition

Post a comment

By Jenny Eagle+

13-May-2014
Last updated the 13-May-2014 at 12:32 GMT

CD&R to acquire Mauser Group

Private equity firm Clayton, Dubilier & Rice will buy Mauser Group for $1.6bn.

Mauser manufactures and supplies plastic and steel drums and intermediate bulk containers (IBCs) for the chemical, industrial and food and beverage industries, among others.

Rigid industrial packaging

Vindi Banga, operating partner, CD&R, former member of the Unilever Executive Board, will assume the role of chairman of the Mauser Supervisory Board at the close of the transaction, expected in the third quarter of 2014. 

David Novak, partner, CD&R said Mauser is a competitively well-positioned, resilient business with strong exposure to the higher growth sub-segments of the rigid industrial packaging market in North America and Europe.

“We believe the company will continue to benefit from the combination of attractive, end-market growth and new operating improvement initiatives,” he said.

Peter Schaefer, CEO, Mauser said the firm welcomed the benefit of CD&R’s management and operating experience.

57 production facilities

Credit Suisse AG, Barclays, BNP Paribas, ING Capital LLC, Natixis and Nomura Securities International have committed to providing debt financing for the transaction.

Debevoise & Plimpton LLP and Clifford Chance acted as legal advisors and Credit Suisse Securities (Europe) Limited acted as financial advisor to CD&R.  

Mauser has 4,400 employees across 57 production facilities in 18 countries in Europe, North America, Latin America and Asia.

Post a comment

Comment title *
Your comment *
Your name *
Your email *

We will not publish your email on the site

I agree to Terms and Conditions

These comments have not been moderated. You are encouraged to participate with comments that are relevant to our news stories. You should not post comments that are abusive, threatening, defamatory, misleading or invasive of privacy. For the full terms and conditions for commenting see clause 7 of our Terms and Conditions ‘Participating in Online Communities’. These terms may be updated from time to time, so please read them before posting a comment. Any comment that violates these terms may be removed in its entirety as we do not edit comments. If you wish to complain about a comment please use the "REPORT ABUSE" button or contact the editors.