Mereo Capital and Hyperion Capital completed the acquisition of Algus Packaging.

Mereo Capital and Hyperion Capital, two private equity firms, completed the acquisition of Algus Packaging, a provider of thermoformed blister and clamshell packaging. Financial terms were not disclosed. “We are excited to partner with the management team of Algus to build on its history of success and invest in its future growth. We are attracted to Algus’ superior packaging solutions, reputation for exceptional quality and strong growth prospects," Leo Helmers, Mereo Co-Founder.