Clondalkin Group wants to buy more packaging businesses in Eastern Europe as part of plans to double turnover within five years.
In an exclusive interview with Packaging News, group finance director Colman O'Neill and specialist packaging division sales and marketing director Chris Hill outlined Clondalkin's ambitions to build on its presence in Poland, where it already operates in the carton, label and pharmaceutical sectors.
However, O'Neill said Clondalkin had no plans at this stage to start production in developing markets in the Far East.
With the acquisitions this year of Canada's Direct Plastics Group, Keller Crescent in the US, and Dublin-based Kenilworth Products, the Irish group's turnover has grown to around £600m (€870m).
O'Neill added that with the backing of private equity firm Warburg Pincus, which bought the group in 2004 and is known as a "development house", Clondalkin had the clout to go after "big acquisitions".
Clondalkin also plans to make greater use of its group identity. It has allowed acquired companies, such as Harlands of Hull, to continue to use well-established brand names, but O'Neill said the success of the Clondalkin brand in raising money in the financial world "should and ought to transfer to the business world as well".
However, Hill said this would not lead to the elimination of individual identities.
"There could be a downside to absorbing companies such as Harlands and them becoming Clondalkin this or that," he added. "We are looking at a hybrid, so people know these companies do belong to a big group."
Source: packagingnews
In an exclusive interview with Packaging News, group finance director Colman O'Neill and specialist packaging division sales and marketing director Chris Hill outlined Clondalkin's ambitions to build on its presence in Poland, where it already operates in the carton, label and pharmaceutical sectors.
However, O'Neill said Clondalkin had no plans at this stage to start production in developing markets in the Far East.
With the acquisitions this year of Canada's Direct Plastics Group, Keller Crescent in the US, and Dublin-based Kenilworth Products, the Irish group's turnover has grown to around £600m (€870m).
O'Neill added that with the backing of private equity firm Warburg Pincus, which bought the group in 2004 and is known as a "development house", Clondalkin had the clout to go after "big acquisitions".
Clondalkin also plans to make greater use of its group identity. It has allowed acquired companies, such as Harlands of Hull, to continue to use well-established brand names, but O'Neill said the success of the Clondalkin brand in raising money in the financial world "should and ought to transfer to the business world as well".
However, Hill said this would not lead to the elimination of individual identities.
"There could be a downside to absorbing companies such as Harlands and them becoming Clondalkin this or that," he added. "We are looking at a hybrid, so people know these companies do belong to a big group."
Source: packagingnews
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