Carton Pack acquires Clifton Packaging
publié le jeudi 28 novembre 2024
Carton Pack, an Italian company specializing in packaging production for the food industry, has acquired Clifton Packaging Group Limited (‘Clifton’), a UK-based manufacturer of innovative flexible food packaging solutions. Carton Pack is a portfolio company of A&M Capital Europe (‘AMCE’), a London-based private equity firm with €650 million of commitments under management.
Founded in 1981 and headquartered in Leicester, UK, Clifton serves a broad range of blue-chip brands, with a particular focus on the wet protein and snacks categories. Clifton has an established reputation for technical innovation in flexible films and pouches, positioning it as a key player in sustainable packaging solutions. Clifton will continue to operate under the leadership of its management team, led by CEO Shane D’Souza.
The acquisition represents a significant milestone in Carton Pack’s strategy to become a leading European food packaging specialist, strengthening its footprint in flexible packaging, expanding into the attractive snacks and protein end-markets and establishing a robust presence in the UK market. The transaction is Carton Pack’s sixth acquisition since 2020 and the third since AMCE acquired a majority stake in the Group alongside the founding Leone family in April 2022.
“The acquisition represents a vital step in our global strategy to deliver both plastic and paper sustainable packaging solutions on a larger scale to the food industry. This partnership not only expands our product range but also strengthens our capacity to serve clients across Europe and beyond, further reinforcing our commitment to quality, service and innovation,” said Gianni Leone CEO of Carton Pack Group.
Carton Pack was advised by Chiomenti, Weil Gotshal & Manges, Charles Russell Speechlys and Pedersoli Gattai as legal advisers, PWC and EY as accounting and tax advisers, Food Strategy Associates as commercial adviser, Howden as insurance adviser and Ramboll as environmental adviser.