Torqx Capital-backed CSi Packaging completed the acquisition of Madern Group.

Torqx Capital-backed CSi Packaging, a logistics company, completed the acquisition of Madern Group, a machine manufacturer. Financial terms were not disclosed. “Joining forces with Madern marks an important milestone in the rapid growth path that CSi packaging has experienced over the last couple of years. Madern is an incredibly strong brand name with an exceptional product, and we look forward to combining solutions of both companies to serve our customers even better, with high quality and high performing solutions. The extensive track record Madern has built in Europe and the US, as well as Asia, will underpin the further growth of both CSi packaging and Madern and will unlock further opportunities for the combined companies in the general folding and liquid packaging markets," Mark van de Klundert, CSi Packaging CEO.