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German packaging specialist Mauser to be bought by US equity company CD&R

FRANKFURT--U.S. private equity group Clayton, Dubilier & Rice (CD&R) said on Monday it plans to acquire German packaging specialist Mauser for around 1.2 billion euros (US$1.7 billion).

CD&R said in a statement it expects to complete the transaction in the third quarter of 2014.

With revenues last year of 1.2 billion euros, Mauser manufactures and supplies plastic and steel drums and intermediate bulk containers (“IBCs”) for the chemical, industrial and food and beverage industries, among others.

It employs a workforce of 4,400 at 57 production facilities in 18 countries.

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