Announced
Completed
Financials
Sources
Tags
Containers and Packaging
Completed
Acquisition
Majority
Private
Domestic
plastic packaging
Private Equity
Single Bidder
France
plastic
Friendly
Synopsis
Private equity firms, Cerea Partners and Bpifrance, completed the acquisition of Axium, a manufacturer of plastic packaging, from Credit Mutuel Equity. Financial terms were not disclosed. "We are very happy to welcome our new shareholders Cerea and Bpifrance. It is important for Axium Packaging to strengthen itself to meet tomorrow's new ecological and industrial challenges. Cerea's experience in the packaging sector, its expertise in the food industry and its business-oriented vision are a real plus for the development of Axium Packaging," Yves Cury, Axium President.
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